Financial highlights
· OPERATING PROFIT1 FROM DIVISIONS2 UP 7% TO £1,059M (H1 2017: £994M), increases in 5 out of 6 businesses since H1 2017
· OPERATING PROFIT1 OF £909M, up 5% (H1 2017: £862m excluding mortality release) after increased investment in the business
· EARNINGS PER SHARE3 DOWN 8% TO 13.00P (H1 2017: 14.19P), impacted by financial markets
· PROFIT AFTER TAX DOWN 19% TO £772M (H1 2017: £952M)
· RETURN ON EQUITY1 AT 20.3% (H1 2017: 26.7%)
· INTERIM DIVIDEND4 OF 4.60P PER SHARE (H1 2017: 4.30P)
· SOLVENCY II COVERAGE RATIO5 OF 193% (H1 2017: 186%)
· SOLVENCY II OPERATIONAL SURPLUS GENERATION UP BY 11% TO £0.7BN (H1 2017: £0.6BN)
Later;
Dividend
Legal & General has a progressive dividend policy reflecting the Group's expected medium term underlying business growth, including net release from operations and operating earnings. There is no change to our dividend policy.
In line with Group's policy of using a formulaic approach to setting the interim dividend, being 30% of the prior year full year dividend, the Board has declared an interim dividend of 4.60p per share.
Ex div 16 Aug 18.
Div paid 27 Sep 18.
https://www.investegate.co.uk/legal---3 ... 00092668X/
Part 2 - https://www.investegate.co.uk/legal---3 ... 00162643X/
Part 3 - https://www.investegate.co.uk/legal---3 ... 00232646X/