Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

245.80p
   
  • Change Today:
    -7.00p
  • 52 Week High: 291.20p
  • 52 Week Low: 216.70p
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 18,616,752
  • Market Cap: £14,661m
  • RiskGrade: 130
  • Beta: 0.02

Dividend Data

  31-Dec-1831-Dec-1731-Dec-1631-Dec-1531-Dec-14
Interim Dividend4.60p4.30p4.00p3.45p2.90p
Final Dividend11.82p11.05p10.35p9.95p8.35p
Total Dividend16.42p15.35p14.35p13.40p11.25p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
Revenue 13,253.00 7,932.00 10,252.00 6,321.00 10,168.00
Operating Profit/(Loss) 2,340.00 2,273.00 1,708.00 1,600.00 1,596.00
Profit Before Tax 2,102.00 2,061.00 1,517.00 1,414.00 1,413.00
Profit After Tax 1,744.00 1,822.00 1,174.00 1,094.00 992.00
Discontinued Operations          
Profit After Tax 64.00 80.00 91.00 n/a n/a
PROFIT FOR THE PERIOD 1,808.00 1,902.00 1,265.00 1,094.00 992.00
Attributable to:          
Equity Holders of Parent Company 1,827.00 1,891.00 1,258.00 1,075.00 985.00
Minority Interests (19.00) 11.00 7.00 19.00 7.00
           
Continuing EPS          
Earnings per Share - Basic 29.72p 30.52p 19.68p 18.16p 16.70p
Earnings per Share - Diluted 29.57p 30.38p 19.59p 18.04p 16.54p
Earnings per Share - Adjusted 29.72p 30.52p 19.68p 18.58p 16.70p
Continuing and Discontinued EPS          
Earnings per Share - Basic 30.79p 21.87p 21.22p 18.16p 16.70p
Earnings per Share - Diluted 30.64p 31.73p 21.13p 18.04p 16.54p
Earnings per Share - Adjusted 30.79p 21.87p 21.22p 18.58p 16.70p
           
Dividend per Share 16.42p 15.35p 14.35p 13.40p 11.25p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Assets          
Property, Plant & Equipment 57.00 59.00 76.00 92.00 146.00
Intangible Assets 288.00 149.00 166.00 375.00 421.00
Investment Properties 6,965.00 7,110.00 8,150.00 8,082.00 8,152.00
Investments 430,757.00 443,414.00 430,718.00 354,283.00 360,763.00
Other Financial Assets n/a n/a n/a n/a n/a
Insurance/Re-Insurance Assets 4,737.00 5,545.00 5,593.00 n/a 2,906.00
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a n/a n/a n/a
Cash at Bank & in Hand 17,321.00 18,919.00 15,348.00 20,677.00 22,709.00
Other Current Assets n/a n/a n/a n/a n/a
Other Assets 32,392.00 29,156.00 7,803.00 9,170.00 4,456.00
Total Assets 492,517.00 504,352.00 467,854.00 396,799.00 399,553.00
           
Liabilities          
Insurance Contracts 64,707.00 61,308.00 66,573.00 339,547.00 353,455.00
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities n/a n/a n/a n/a n/a
Borrowings 4,948.00 3,997.00 3,501.00 3,628.00 3,692.00
Provisions 1,469.00 1,569.00 2,141.00 1,744.00 1,861.00
Other Liabilities 412,741.00 429,886.00 388,356.00 45,187.00 34,242.00
Total Liabilities 483,865.00 496,760.00 460,571.00 390,106.00 393,250.00
           
Net Assets 8,652.00 7,592.00 7,283.00 6,693.00 6,303.00
           
Capital & Reserves          
Share Capital 149.00 149.00 149.00 149.00 149.00
Share Premium Account 992.00 988.00 981.00 976.00 969.00
Other Reserves 178.00 128.00 182.00 59.00 80.00
Retained Earnings 7,261.00 6,251.00 5,633.00 5,220.00 4,830.00
Shareholders Funds 8,580.00 7,516.00 6,945.00 6,404.00 6,028.00
           
Minority Interests/Other Equity 72.00 76.00 338.00 289.00 275.00
Total Equity 8,652.00 7,592.00 7,283.00 6,693.00 6,303.00
Cash Flow 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Net Cash Flow From Operating Activities (361.00) 4,411.00 4,089.00 (823.00) 5,487.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (205.00) (14.00) (380.00) (182.00) (139.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (281.00) (485.00) (948.00) (532.00) (78.00)
Net Increase/Decrease In Cash (847.00) 3,912.00 2,761.00 (1,537.00) 5,270.00
Ratios - based on IFRS 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15 31-Dec-14
Continuing Operations          
PE Ratio - Adjusted 7.8 9.0 12.6 14.4 14.9
PEG - Adjusted n/a 0.2 2.1 1.3 1.5
Earnings per Share Growth - Adjusted -3% 55% 6% 11% 10%
Dividend Cover 1.81 1.99 1.37 1.39 1.48
Revenue per Share 222.20p 132.99p 171.88p 105.98p 172.43p
Pre-Tax Profit per Share 35.24p 34.55p 25.43p 23.71p 23.96p
Operating Margin 17.66% 28.66% 16.66% 25.31% 15.70%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 7.5 12.5 11.7 14.4 14.9
PEG - Adjusted 0.2 4.2 0.8 1.3 1.5
Earnings per Share Growth - Adjusted 41% 3% 14% 11% 10%
Dividend Cover 1.88 1.42 1.48 1.39 1.48
           
Dividend Yield 7.1% 5.6% 5.8% 5.0% 4.5%
Dividend per Share Growth 6.97% 6.97% 7.09% 19.11% 20.97%
Operating Cash Flow per Share (6.05p) 73.95p 68.56p (13.80p) 93.05p
Cash Incr/Decr per Share (14.20p) 65.59p 46.29p (25.77p) 89.37p
Net Asset Value per Share (exc. Intangibles) 140.23p 124.79p 119.32p 105.93p 99.75p
Net Gearing n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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