M&G PLC (LSE:MNG) shares were little moved as the FTSE 100 life insurer reported a return to net inflows in the first quarter of 2026 and said it remains confident in growth for the year despite volatile markets.
The savings and investment group recorded £0.6 billion of net inflows from open business, compared with outflows of £0.1 billion a year earlier. Assets under management and administration stood at £371 billion, down slightly from £376 billion at the end of 2025.
Asset management was the main driver, with net inflows of £0.7 billion, supported by strong demand from wholesale clients and external partners.
Life assets fell 2% to £188 billion, reflecting market movements and expected outflows from legacy products, along with the completion of a first with-profits bulk purchase annuity (BPA) deal.
PruFund saw small net outflows during the period, though flows stabilised in April.
M&G highlighted a growing pipeline, including its first £0.3 billion bulk purchase annuity deal and plans to expand PruFund onto third-party platforms.
"We have made a strong start to 2026, with net inflows in Asset Management, driven by demand from Daiichi Life Group and other external clients," said chief executive Andrea Rossi.
"Thanks to a strong new business pipeline, the introduction of our innovative with-profits BPA, and the upcoming launch of PruFund on third-party adviser platforms, we are confident in our ability to deliver continued growth this year."