LEGAL & GENERAL GROUP ORD GBP0.025
Symbol: LGEN
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Company
Business Summary
Legal & General Group Plc is a United Kingdom-based financial services provider. The Company operates through five segments: Legal & General Retirement Institutional (LGRI), Legal & General Capital (LGC), Legal & General Investment Management (LGIM), Insurance, and Retail Retirement. LGRI segment represents worldwide pension risk transfer business including longevity insurance. LGC segment represents shareholder assets invested in direct investments primarily in the areas of specialist commercial real estate, clean energy, housing, and small and medium enterprises (SME) finance, as well as traded and treasury assets. LGIM segment represents institutional and retail investment management. Insurance segment primarily represents UK protection (both group and retail) and Fintech business (UK Insurance and other), as well as US retail protection business (US Insurance). Retail Retirement segment represents retail annuity and drawdown products, workplace savings and lifetime mortgage loans.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Legal & General Group Plc revenues decreased 41% to £18.17B. Net income before extraordinary items decreased 85% to £105M. Revenues reflect LGIM segment decrease of 10% to £720M. Net income also reflects LGIM segment income decrease of 19% to £274M, Insurance segment income decrease of 16% to £138M, Group Expenses segment loss increase of 1% to £411M. Dividend per share increased from £0.19 to £0.20.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 18,172.00 | 11,842.00 | 19,179.00 | 20,533.00 | 66,049.00 | 195.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 195.00 | 2,730.00 | 2,632.00 | 1,499.00 | 2,156.00 | 2,129.00 |
Profit Before Tax | 195.00 | 2,730.00 | 2,632.00 | 1,499.00 | 2,156.00 | 2,129.00 |
Profit After Tax | 91.00 | 2,290.00 | 2,043.00 | 1,281.00 | 1,787.00 | 1,765.00 |
Equity Holders of Parent Company | 457.00 | 2,291.00 | 2,050.00 | 1,607.00 | 1,834.00 | 1,827.00 |
Minority Interest | -28.00 | -28.00 | -31.00 | 5.00 | 79.00 | 91.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 522,095.00 | 513,276.00 | 582,638.00 | 570,565.00 | 560,607.00 | 492,517.00 |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 522,095.00 | 513,276.00 | 582,638.00 | 570,565.00 | 560,607.00 | 492,517.00 |
Total Liabilities | 517,311.00 | 501,137.00 | 571,695.00 | 560,599.00 | 551,185.00 | 483,865.00 |
Total Net Assets | 4,784.00 | 12,139.00 | 10,943.00 | 9,966.00 | 9,422.00 | 8,652.00 |
Shareholders Funds | 4,826.00 | 12,168.00 | 10,981.00 | 9,997.00 | 9,367.00 | 8,580.00 |
Minority Interests | -28.00 | -28.00 | -31.00 | 5.00 | 79.00 | 91.00 |
Total Equity | 4,784.00 | 12,139.00 | 10,943.00 | 9,966.00 | 9,422.00 | 8,652.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy5 |
Neutral7 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 5 | 7 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £17,707.00mn | £18,076.00mn | £16,497.00mn |
Pre-tax-Profit | £2,032.59mn | £2,199.39mn | £2,330.25mn |
EPS | £0.26p | £0.27p | £0.28p |
EPS Growth | 253.07% | 3.67% | 4.49% |
P/E | 9.54 | 9.2 | 8.81 |
PEG Ratio | 0.04 | 2.50 | 1.96 |
Dividend | 21.39p | 22.56p | 23.70p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
8th Mar 2024 | Berenberg Bank | Reiteration | 250p | 0p | 289p | Buy |
22nd Feb 2024 | RBC Capital Markets | Reiteration | 241p | 0p | 0p | Outperform |
20th Feb 2024 | Barclays | Reiteration | 241p | 336p | 325p | Overweight |
5th Jan 2024 | Berenberg Bank | Upgrade | 244p | 258p | 289p | Buy |
14th Dec 2023 | JP Morgan Cazenove | Reiteration | 246p | 290p | 295p | Overweight |
29th Nov 2023 | Deutsche | Upgrade | 229p | 290p | 295p | Buy |
13th Nov 2023 | JP Morgan Cazenove | Reiteration | 225p | 0p | 0p | Overweight |
7th Sep 2023 | Barclays | Reiteration | 214p | 330p | 333p | Overweight |
22nd May 2023 | Jefferies | Reiteration | 237p | 0p | 335p | Buy |
11th Apr 2023 | JP Morgan Cazenove | Reiteration | 248p | 0p | 355p | Overweight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
19 Apr 2024 | 18:28 | 244.301 | 301,163 | Sell |
19 Apr 2024 | 18:28 | 244.301 | 582,419 | Sell |
19 Apr 2024 | 18:28 | 244.301 | 38,732 | Sell |
19 Apr 2024 | 18:12 | 242.909 | 3,007 | Sell |
19 Apr 2024 | 18:12 | 244.318 | 153,853 | Sell |
19 Apr 2024 | 18:11 | 244.301 | 255,722 | Sell |
19 Apr 2024 | 18:10 | 243.519 | 95,484 | Sell |
19 Apr 2024 | 18:05 | 244.599 | 304,865 | Sell |
19 Apr 2024 | 18:05 | 244.6 | 34,282 | Sell |
19 Apr 2024 | 18:03 | 243.7 | 3,500 | Sell |
19 Apr 2024 | 18:03 | 244.6 | 19,929 | Sell |
19 Apr 2024 | 17:53 | 243.076 | 1,480 | Sell |
19 Apr 2024 | 17:53 | 243.176 | 2,463 | Sell |
19 Apr 2024 | 17:53 | 244.224 | 637 | Sell |
19 Apr 2024 | 17:53 | 244.224 | 661 | Sell |
19 Apr 2024 | 17:53 | 244.31 | 1,129 | Sell |
19 Apr 2024 | 17:42 | 244.336 | 413 | Sell |
19 Apr 2024 | 17:41 | 244.335 | 1,767 | Sell |
19 Apr 2024 | 17:41 | 244.333 | 61 | Sell |
19 Apr 2024 | 17:41 | 244.336 | 91 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.