“M&G plc is financially strong.”
That was the declaration made by insurer and asset manager M&G Plc when it issued a business update ahead of its annual general meeting yesterday (May 27) in London. According to the former Prudential Plc unit, its shareholder Solvency II coverage ratio has remained “comfortably above” the company’s risk appetite throughout the coronavirus crisis, standing at 168% as of March 31.
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