M&G reported broadly flat full year underlying operating profit of £838mn (£820mn expected).
Assets under management rose 8.7% to £376bn. Net flows from open business turned positive with an inflow of £7.8bn.
The Shareholder Solvency II coverage ratio, a measure of balance sheet strength, rose from 223% to 242% over the year.
A second interim dividend of 13.8p was announced, taking the total to 20.5p, up 2%.
Underlying operating profit is expected to show a ‘meaningful acceleration’ in 2026 and grow at an average annual rate of 5% or more over the three years to the end of 2027.
The shares were broadly flat in early trading.
Our view
HL view to follow.
M&G key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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