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L&G profits climb 6% as records tumble for UK annuity and US PRT sales
12 March 2025UK PRT deals off to a strong start in 2025 with £1.2bn in sales
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L&G sells US protection business to Meiji Yasuda for $2.3bn
07 February 2025Will invest $400m from deal into US PRT business over five years
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L&G doubles retail annuity sales, but PRT business slows in H1
07 August 2024More than £24bn of active PRT deals in UK, most of which to transact this year
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L&G slims down to three divisions
12 June 2024CEO António Simões announces strategy for "simpler, more synergistic and capital light" group
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L&G maintains profits in 2023 amid difficult investment markets
06 March 2024But bulk annuity sales - and use of funded reinsurance - continue to rise