Report locked. Legal & General Group Plc has reached its limit for free reporting views. Legal & General Group Plc does not currently have printed reports on AnnualReports.com. Click the button below to request a report when hard copies are available. Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and wealth management company headquartered in London, England. Products and services include investment management, life mortgages (a form of share release), annuities, annuities and life insurance. From January 2020, following the sale of Legal & General Insurance to Allianz, Allianz will no longer offer non-life insurance. [3] The firm operates in the UK and US, with investment management firms in the Gulf, Europe and Asia. [1] Dr.
Nigel Wilson (former CFO) became Group Chief Executive Officer on 30 June 2012. He succeeded Tim Breedon, who had been CEO since 1 January 2006 and received an annual salary of £770,000.[39] [40] Legal & General was founded by Sergeant John Adams and five other lawyers in June 1836 in a café in Chancery Lane. [6] Originally called the New Law Life Assurance Society, the Society was limited to lawyers. The name was changed to Legal & General Life Assurance Society to reflect the fact that the policies were available to the general public, but ownership of the shares was limited to lawyers. The group expanded into the UK and soon began acquiring foreign life insurance companies, buying a retirement business from the Metropolitan Life Assurance Company of New York in the 1930s. In the 1940s, Legal & General`s headquarters were moved from Temple Bar House in the City of London to a converted former girls` school in leafy Kingswood.[6] Surrey, with the exception of a few senior executives who remained in London. The girls` school (St. Monica`s), which served as the basis for the site, was attended by writer Vera Brittain, mother of politician Shirley Williams. [10] The Kingswood site, which included sports fields, a park, a large and luxurious swimming pool, a canteen and a mock English pub, was expanded in the 1950s and again in the 1980s. [11] In 2015, it was announced that the headquarters would close “possibly before 2025.” [12] [13] Indeed, after a period of uncertainty for Kingswood employees,[14] it was announced that the site would close much earlier, in 2018. [15] Legal & General Investment Management is one of Europe`s largest asset managers, providing investment solutions to a wide range of clients worldwide.
Legal & General is listed on the London Stock Exchange and is part of the FTSE 100 Index. Legal & General Investment Management (LGIM), the asset management arm of L&G, is AUM`s 10th largest investment management firm in the world. [4] It is also the second largest institutional asset management company in Europe (after BlackRock). [5] In the 1970s and early 1980s, Ron Peet (1925-2020), a socially responsible actuary, was CEO of Legal & General, after leading the Australian company. [36] Peet helped campaign for thalidomide`s children, Legal & General then owned a large block of shares (3.5 million) in the Scottish beverage and pharmaceutical company Distillers. [37] [38] Development of basic infrastructure and injection of capital into cities. Enabling inclusion through digital transformation. Thanks to the collaboration of our companies, we have transformed Cardiff Central Square. The next stage of development is The Interchange. Approximately 98% Investment Grade PortfolioLegal & General America operating companies are among the most financially sound life insurers. Our investment portfolio is positioned prudently and prudently managed. It is highly liquid and well-diversified with approximately 98% investment grade corporate bonds and highly rated structured securities.11.5 million U.S.
clientsThat`s the number of policyholders who rely on us to provide financial security for the people who have so carefully protected them.1New coverage ranks us #2Legal & General America is the second largest provider of term life insurance in the United States. Spend more than $57 billion on new coverage in 2020. In addition, we issued approximately $1.6 billion in new pensions to more than 26,000 retirees in 2020. $282 billion coverage growth in KraftLegal & General America; Our existing life insurance policy is over $782 billion.1 More than $6.8 billion in assetsAnother proof of our financial strength is that Legal & General America`s operating companies have assets of more than $6.8 billion at the end of 2020. 3Capitalization is more than double the industry averageA company`s capitalization is particularly significant because it measures a company`s creditworthiness. It evaluates the amount of a company`s assets that are available to settle future liabilities; such as current and future benefits for policyholders. We are particularly strong on this basis. The pure capital ratio measures the cushion a company has against a loss in the value of its assets.
