Insurer and asset manager M&G has now revealed its first results since splitting off from parent company Prudential in October, 2019. The company posted an in-line 2019 adjusted operating profit of £1.15 billion (around NZ$2.37 billion), compared to forecasts of £1.14 billion (around NZ$2.35 billion), and stated that it would pay a special demerger dividend, according to Reuters.
M&G also stated that assets under management and administration came in at £352 billion (versus forecasts of £342 billion), which reflects a 10% bump that happened thanks to strong investment returns.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.