Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Legal & General Plc
  6. News
  7. Summary
    LGEN   GB0005603997

LEGAL & GENERAL PLC

(LGEN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Legal & General : Fitch Ratings upgrades Legal & General Reinsurance's Insurer Financial Strength to ‘AA-'

10/08/2020 | 04:30am EDT

8 Oct 2020

Legal & General Reinsurance (L&G Re) announces today that Fitch Ratings has upgraded its Insurer Financial Strength from 'A+' to 'AA-'.

AA ratings suggest a very low expectation of ceased or interrupted payments, and they indicate very strong capacity to meet policyholder and contractual obligations. This capacity is not especially vulnerable to foreseeable events.

Following substantial growth of L&G Re's internal and external reinsurance business volumes, and its value to L&G in capital management terms, L&G Re's strategic importance has also been upgraded from 'Very Important' to 'Core'.

Fitch ranks Legal & General's business profile as favourable compared with other life insurance companies in the UK. The rating also confirms the Group's strong business profile, financial performance, investment and asset risk strategy and earnings from products in the overseas markets.

For further information, please contact:

Disclaimer

Legal & General Group plc published this content on 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 08:29:03 UTC


ę Publicnow 2020
All news about LEGAL & GENERAL PLC
04:05aLEGAL & GENERALá : signs largest affordable housing deal to date, creating hundr..
PU
06/21LEGAL & GENERALá : sees equity release enquiries for home improvements more than..
PU
06/21LEGAL & GENERALá : Bristol City Council secures ú350m investment from Legal & Ge..
PU
06/17LEGAL & GENERALá : Railways Pension Schemes Trustees appoints Legal & General to..
PU
06/17LEGAL & GENERALá : completes a ú130 million buy-in with the QinetiQ Pension Sche..
PU
06/17LEGAL & GENERALá : establishes partnership with Sir Michael Marmot to address UK..
PU
06/17LEGAL & GENERALá : Men's Health Week – purpose and pride are significantly..
PU
06/16LEGAL & GENERALá : supports LGBT+ young people's charity in tackling bullying
PU
06/15THE GENDER PARADOX : women aware of state health and welfare limitations yet gro..
PU
06/15LEGAL & GENERALá : updates Covid-19 contact and recovery underwriting restrictio..
PU
More news
Financials
Sales 2021 59 567 M 83 033 M 83 033 M
Net income 2021 1 884 M 2 626 M 2 626 M
Net Debt 2021 1 124 M 1 567 M 1 567 M
P/E ratio 2021 8,55x
Yield 2021 7,03%
Capitalization 15 892 M 22 121 M 22 153 M
EV / Sales 2021 0,29x
EV / Sales 2022 0,24x
Nbr of Employees 10 099
Free-Float 97,3%
Chart LEGAL & GENERAL PLC
Duration : Period :
Legal & General Plc Technical Analysis Chart | LGEN | GB0005603997 | MarketScreener
Technical analysis trends LEGAL & GENERAL PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 269,50 GBX
Average target price 303,41 GBX
Spread / Average Target 12,6%
EPS Revisions
Managers and Directors
NameTitle
Nigel David Wilson Group Chief Executive Officer & Executive Director
Jeff Davies Group Chief Financial Officer & Executive Director
John Kingman Chairman
Lesley Mary Samuel Knox Independent Non-Executive Director
Philip Arthur John Broadley Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LEGAL & GENERAL PLC1.24%22 465
THE BLACKSTONE GROUP INC.51.69%65 252
KKR & CO. INC.43.00%33 685
AMUNDI10.93%17 823
FRANKLIN RESOURCES, INC.29.73%16 350
THE CARLYLE GROUP INC.43.61%16 009