Insurance and asset-management large cap Legal & General Group PLC (LSE:LGEN) is preparing to publish its full-year results on 6 March, with pension risk transfers (PRTs) top of the attention pile.
Earlier this month, L&G’s PRT Monitor revealed a record-breaking 2023 for the UK PRT market and the second-largest year on record.
Some £50 billion in PRTs was transacted in the UK, with L&G leading on some of the landmark deals, including the British Steel Pension Scheme and Boots Pension Scheme transfers.
As for the all-important dividends, L&G has guided 5% per-year dividend growth until full year 2024.
The group said during the mid-year interim call: “We remain highly confident in our strategy and in our ability to deliver resilient, organic growth, supported by our strong competitive positioning in attractive and growing markets.
“Our confidence in our dividend paying capacity is underpinned by the Group's strong earnings and strong balance sheet, which has Solvency II surplus regulatory capital of £9.2bn over a capital requirement of £7.0bn.
L&G shares are currently down 2.3% year to date, and 5.6% year on year.