A strong solvency position providing significant firepower, and a progressive dividend
As at 17 November, and net of this transaction, Legal & General's solvency ratio was estimated to be 224%.[5]
This strong solvency position provides the Group with significant firepower to continue to invest in attractive growth opportunities. The Board continues to weigh investment carefully against the relative attractiveness of returning additional capital to shareholders.
As highlighted at the HY23 results, we continue to expect Net Surplus Generation (Operational Surplus Generation plus New Business Strain) to exceed dividends in 2023. The Board has announced its intention to grow the dividend at 5% per annum to FY24.
https://www.investegate.co.uk/announcem ... me/7900679
Also posted on Company News here; viewtopic.php?p=629618#p629618
LGEN are a mainstay in my HYP, and I know others hereabouts hold them too, so this may be of interest here.
Ian.