Archive

L&G profits climb 6% as records tumble for UK annuity and US PRT sales

UK PRT deals off to a strong start in 2025 with £1.2bn in sales

Legal & General closes £1.4bn bulk annuity buy-in with Sanofi Pension Scheme

Contributes to Legal & General completing £10.5bn of global PRT business last year

Legal & General completes £1.1bn buy-in with Deutsche Bank pension scheme

Transaction brings total insured liabilities to £2.1bn for Deutsche Bank.

L&G flushed with success after SCA £1.1bn buy-in deal

The insurer is on a roll to write approximately £50bn of PRT business over five years

L&G seals £900m buy-in with ICI Pension Fund

Over half of large DB pension schemes in UK are targeting bulk annuities

Legal & General said this is a significant uptick since 2015

L&G maintains profits in 2023 amid difficult investment markets

But bulk annuity sales - and use of funded reinsurance - continue to rise

L&G seals £1.8bn buy-in with United Utilities

The insurer has written £6.7bn of pension risk transfer business in the UK year-to-date

Legal & General eyes up Dutch PRT market opportunity

The insurer has linked up with Dutch life and pension insurer Lifetri

L&G readies for £20bn pension risk transfer deal

Solvency UK reforms will help broaden asset base, says chief executive Nigel Wilson