Legal & General Group Plc L&G FY 2014 results -12-
04 März 2015 - 8:02AM
UK Regulatory
At 31 December 2014 274.8 103.8 98.7 13.6 8.2 499.1 194.6 14.8 708.5
1. Solutions includes liability driven investments
and multi-asset funds.
2. Overlay assets comprise derivative notionals associated with Solutions
business.
3. External net flows exclude movements in overlay assets which have
a short maturity period as determined by client agreements and are subject
to a higher degree
of variability. The total value of these assets at 31 December 2014
is GBP46.5bn (Q1 2014: GBP33.8bn; Q2 2014: GBP33.3bn; Q3 2014: GBP41.2bn),
and the
movement in these assets is included in market and other movements for
overlay assets.
4. Cash management movements include external holdings in money market
funds and other cash mandates held for clients' liquidity management
purposes.
Assets and premium flows 58
3.02 Legal & General investment management assets quarterly progression
(continued)
Active
Index fixed Solu- Active Total Overlay Total
For the year ended funds income tions(1) Property equities AUM assets(2) assets
31 December 2013 GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn
At 1 January 2013 243.2 82.2 64.0 8.9 7.7 406.0 136.7 542.7
External inflows 11.0 1.3 1.1 0.1 - 13.5 13.5
---------
External outflows (7.1) (0.5) (1.1) - (0.1) (8.8) (8.8)
Overlay net flows - - - - - - 2.5 2.5
External net flows(3) 3.9 0.8 - 0.1 (0.1) 4.7 2.5 7.2
Internal net flows 0.1 (0.7) 0.1 - - (0.5) - (0.5)
Total net flows 4.0 0.1 0.1 0.1 (0.1) 4.2 2.5 6.7
Cash management
movements(5) - 0.5 - - - 0.5 - 0.5
Market and other
movements(3) 20.1 2.0 7.3 0.3 0.8 30.5 3.8 34.3
At 31 March 2013 267.3 84.8 71.4 9.3 8.4 441.2 143.0 584.2
External inflows 6.2 1.0 4.6 0.2 - 12.0 12.0
---------
External outflows (7.9) (0.7) (0.7) (0.1) (0.3) (9.7) (9.7)
Overlay net flows - - - - - - 3.2 3.2
External net flows(3) (1.7) 0.3 3.9 0.1 (0.3) 2.3 3.2 5.5
Internal net flows 0.4 (0.8) 0.6 - - 0.2 - 0.2
Total net flows (1.3) (0.5) 4.5 0.1 (0.3) 2.5 3.2 5.7
Cash management
movements(5) - 0.5 - - - 0.5 - 0.5
Market and other
movements(3) (3.9) (1.9) (5.0) - (0.4) (11.2) (0.5) (11.7)
At 30 June 2013 262.1 82.9 70.9 9.4 7.7 433.0 145.7 578.7
External inflows(4) 8.0 4.4 2.2 0.4 0.1 15.1 15.1
---------
External outflows (8.3) (0.6) (1.7) (0.1) - (10.7) (10.7)
Overlay net flows - - - - - - 3.3 3.3
External net flows(3) (0.3) 3.8 0.5 0.3 0.1 4.4 3.3 7.7
Internal net flows - 0.6 - 0.1 (0.1) 0.6 - 0.6
Total net flows (0.3) 4.4 0.5 0.4 - 5.0 3.3 8.3
Cash management
movements(5) - (1.0) - - - (1.0) - (1.0)
Market and other
movements(3) 3.2 1.4 0.1 0.6 0.3 5.6 2.4 8.0
At 30 September
2013 265.0 87.7 71.5 10.4 8.0 442.6 151.4 594.0
External inflows 6.1 2.0 0.7 0.3 - 9.1 9.1
---------
External outflows (8.5) (0.9) (1.7) (0.1) - (11.2) (11.2)
Overlay net flows - - - - - - 2.2 2.2
External net flows(3) (2.4) 1.1 (1.0) 0.2 - (2.1) 2.2 0.1
Internal net flows 0.2 (0.8) 0.1 0.1 (0.1) (0.5) - (0.5)
Total net flows (2.2) 0.3 (0.9) 0.3 (0.1) (2.6) 2.2 (0.4)
Cash management - - - - - - - -
movements(5)
Market and other
movements(3) 7.0 1.4 (0.2) 0.6 0.7 9.5 8.5 18.0
At 31 December 2013 269.8 89.4 70.4 11.3 8.6 449.5 162.1 611.6
1. Solutions includes liability driven investments and multi-asset
funds.
2. Overlay assets comprise derivative notionals associated with Solutions
business.
3. External net flows exclude movements in overlay assets which have
a short maturity period as determined by client agreements and are subject
to a higher degree
of variability. The total value of these assets at 31 December 2013
is GBP32.8bn (Q1 2013: GBP22.4bn; Q2 2013: GBP21.9bn; Q3 2013: GBP24.3bn),
and the
movement in these assets is included in market and other movements for
overlay assets.
4. Includes GBP2.9bn of Legal & General France assets.
5. Cash management movements include external holdings in money market
funds and other cash mandates held for clients' liquidity management
purposes.
Assets and premium flows 59
3.02 Legal & General investment management assets quarterly progression
(continued)
3 3 3 3 3 3 3 3
months months months months months months months months
to to to to to to to to
31.12.14 30.09.14 30.06.14 31.03.14 31.12.13 30.09.13 30.06.13 31.03.13
GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn
LGIM total assets net
flows (0.9) (1.7) 1.2 9.0 (0.4) 8.3 5.7 6.7
Attributable to:
International(1) 1.3 1.3 2.5 3.4 1.8 6.4 0.6 7.0
UK Institutional (2.6) (1.7) (0.2) 3.0 (1.6) 1.1 5.6 0.7
UK Retail(2) 0.3 - 0.2 0.3 0.1 0.3 0.3 (0.3)
Annuities(3) (0.3) (0.1) (0.3) 3.2 (0.1) 1.4 0.1 -
Mature Businesses 0.4 (1.2) (1.0) (0.9) (0.6) (0.9) (0.9) (0.7)
1. Q3 2013 International net flows include GBP2.9bn of Legal & General
France assets.
2. Q2 2014 UK Retail net flows include GBP0.7bn of assets previously
managed externally.
3. Pension funds already managed by LGIM that switch into LGR annuities
are excluded.
3.03 Assets under administration
Consol-
Mature Overseas idation Retail
Retail Work- Suffolk LGAS adjust- Total Invest-
For the year Platforms(1) Savings(2) place Life Savings ment(3) LGAS
ended ments(4) Annuities
31 December 2014 GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn GBPbn
As at 1 January
2014 64.1 36.3 8.7 6.6 4.5 (6.8) 113.4 20.5 34.4
Gross inflows(5) 10.1 1.4 2.8 1.3 0.4 (0.5) 15.5 4.4 6.5
Gross outflows (4.7) (4.4) (0.6) (0.5) (0.4) 0.7 (9.9) (4.8) -
Payments to pensioners - - - - - - - - (2.1)
Net flows 5.4 (3.0) 2.2 0.8 - 0.2 5.6 (0.4) 4.4
Market and other
movements 2.4 2.7 0.2 0.3 (0.1) (0.3) 5.2 1.2 5.4
As at 31 December
2014 71.9 36.0 11.1 7.7 4.4 (6.9) 124.2 21.3 44.2
Consol-
Mature Overseas idation Retail
Retail Work- Suffolk LGAS adjust- Total Invest-
For the year Platforms(1) Savings(2) place Life Savings ment(3) LGAS
ended ments(4) Annuities
Legal & General (LSE:LGEN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Legal & General (LSE:LGEN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
