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L&G Asset Management Reports 2% Revenue Growth Amid Volatility.
ByAinvest
Wednesday, Aug 6, 2025 3:45 am ET1min read
Legal & General asset management reported a 2% revenue growth but profits were hit by market volatility. The company's revenue increased to £1.1bn, while pre-tax profits fell to £136m from £184m in 2021. The decline in profits was attributed to higher operating costs and a decrease in investment performance fees.
Legal & General Asset Management (L&G AM) reported a 2% revenue growth for the first half of 2025, reaching £1.1bn. However, pre-tax profits fell to £136m, down from £184m in 2021 [4]. The decline in profits was attributed to higher operating costs and a decrease in investment performance fees.The company's core operating profit increased by 6% to £859m, but the overall operating profit, including non-retained businesses, fell by 2% to £905m. This drop was primarily due to market volatility and a weakening US dollar, which negatively impacted the firm's assets [3].
L&G AM's CEO, Antonio Simões, has been focusing on strategic initiatives to enhance the company's financial performance. These include the sale of non-core businesses, such as its US protection business and housebuilder Cala Group, and the expansion of its asset management arm. Additionally, L&G AM struck a partnership with Blackstone to access private credit assets, aiming to grow this segment to $20bn over the next five years [1, 4].
Despite the challenges, L&G AM is on track to achieve its three-year financial targets. The company proposed an interim dividend of 6.12p per share, in line with forecasts, and is actively pricing on or has visibility of £42bn of new deals in the next 12 months [1, 4].
References:
[1] https://group.legalandgeneral.com/en/newsroom/press-releases/2025-half-year-results-core-operating-eps-up-9-as-strategic-momentum-builds
[2] https://www.bloomberg.com/news/articles/2025-08-06/legal-general-profit-edges-up-6-as-uk-pension-buyouts-boom
[3] https://www.investmentweek.co.uk/news/4517327/asset-management-revenues-grows-market-volatility-hits-profits
[4] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3TY05T:0-legal-general-reports-half-year-profit-ahead-of-forecasts/
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