Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

272.70p
   
  • Change Today:
      1.10p
  • 52 Week High: 291.20
  • 52 Week Low: 216.70
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 3,970,995
  • Market Cap: £16,267m
  • RiskGrade: 137
  • Beta: 1.30

Legal & General sells general insurance arm to Allianz for ?242m

By Frank Prenesti

Date: Friday 31 May 2019

LONDON (ShareCast) - (Sharecast News) - Legal & General said it was selling its general insurance business to Allianz for a minimum £242m.
The business comprises principally retail customers who hold household insurance policies. In 2018 gross written premiums were £410m and operating profit was nil, Legal & General said in a statement.

It added that further potential payments could be made over a three year period from "ongoing commercial arrangements".

The deal was expected to complete in the second half of 2019 and is the latest in a disposals programme across the group's non-core businesses which have generated more than £1.5bn.

The group's solvency II ratio was expected to increase by around 2% after the deal, with the proceeds reinvested in its core businesses.

Email this article to a friend

or share it with one of these popular networks:


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.

 

Legal and General Market Data

Currency UK Pounds
Share Price 272.70p
Change Today 1.10p
% Change 0.41 %
52 Week High 291.20
52 Week Low 216.70
Volume 3,970,995
Shares Issued 5,965m
Market Cap £16,267m
Beta 1.30
RiskGrade 137

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.47% above the market average93.47% above the market average93.47% above the market average93.47% above the market average93.47% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average39.06% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Growth
57.97% above the market average57.97% above the market average57.97% above the market average57.97% above the market average57.97% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 6
Sell 0
Strong Sell 2
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Legal and General Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Aug-19 25-Apr-19
Paid 26-Sep-19 06-Jun-19
Amount 4.93p 11.82p

Trades for 15-Nov-2019

Time Volume / Share Price
13:34 476 @ 272.70p
13:33 130 @ 272.65p
13:32 1 @ 272.70p
13:32 1,700 @ 272.70p
13:32 1,064 @ 272.70p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies
CEO Michelle Scrimgeour

Top of Page