Legal & General

Legal & General Group plc is a leading financial services firm headquartered in London and listed on the FTSE 100. Established in 1836, the company operates across the United Kingdom, the United States, Europe, and Asia, serving over ten million customers with products and services in insurance, pensions, savings, and investment management.

The group’s operations span institutional retirement solutions, life insurance, retail retirement products, and asset and property investment. Its investment management arm, Legal & General Investment Management (LGIM), is one of the world’s largest asset managers, with more than £1.1 trillion in assets under management. The company also invests in real estate, private markets, and infrastructure projects, supporting both commercial goals and social outcomes.

Since the appointment of CEO António Simões in 2024, Legal & General has consolidated its private markets activity under LGIM and launched a strategic five-year transformation plan. The initiative includes cost streamlining, dividend growth targets, and a £200 million share buyback, aimed at enhancing long-term shareholder value.

Legal & General aligns its business model with broader social and environmental goals, pursuing what it calls “inclusive capitalism.” It directs capital into housing, clean energy, and urban regeneration while advancing net-zero commitments and ESG-led investing. Known for delivering steady income to shareholders, the company has maintained dividend yields in the 6–7 percent range and continues to evolve its portfolio in line with long-term demographic and economic shifts.

Keywords: Legal & General, LGIM, asset management, pension risk transfer, life insurance, annuities, private markets, share buyback, inclusive capitalism, sustainable investing, net-zero, António Simões, FTSE 100, London financial services