Legal & General Group PLC LGGNY

FinancialsInsuranceUnited Kingdom

Last close 20.69 USD on Nov 2, 2026, +26.8% year to date

Quant rating

Quant rating D Rank 250 of 304 in Financials

Growth D 230 of 304
Valuation D 223 of 304
Quality D 262 of 304
Revisions D 253 of 304
Momentum A 32 of 304

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 22.1B
Enterprise value: 9.4B
52-week range: 15.25 – 21.60
3-year range: 13.61 – 21.60
Dividend yield: 7.15%
Beta (5 years): 0.96
Shares outstanding: 5,406M
Next earnings: –

About the company

Legal & General Group Plc is a United Kingdom-based financial services provider. The Company's segments include Institutional Retirement, Asset Management, Insurance, Retail Retirement, and Corporate Investments. The Institutional Retirement segment represents worldwide pension risk transfer business opportunities. The Asset Management segment provides platform capability in private markets across Real Estate, Private Credit and Infrastructure, including through an accelerated program of fund launches. The Insurance segment primarily represents UK protection (Retail and Group). The Retail Retirement segment represents retail annuity and drawdown products, workplace savings and lifetime mortgage loans. The Corporate Investments segment, which represents a portfolio of non-strategic assets managed separately with the goal of maximizing shareholder value ahead of potential divestment.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2016	2015	2014	2013	2012	5Y avg
Revenue (mil)	11,837	12,006	14,076	12,320	11,586	–
Revenue growth	−1.4%	−14.7%	14.3%	6.3%	−23.4%	−4.8%
EPS (basic, normalized)	1.44	1.41	–	–	0.52	–
EPS growth	2.1%	–	–	–	–	–
Gross margin	–	–	–	–	–	–
Net margin	1.0%	0.3%	1.1%	–	10.6%	3.3%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2016 actual	11,837	−1.4%	0.8x	–	–	–	1.44	+2.1%	14.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2017	–	–	–	–	–	–	–	–
2018	–	–	–	–	–	–	–	–
2019	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Insurance

Peers in the same industry group, by market capitalization
Company	Market cap	ROE	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
LGGNY Legal & General Group PLC	22.1B	–	1.0%	6.45x	–	–	–	–
CB Chubb Limited	141.0B	14.4%	17.4%	1.93x	12.7x	12.5x	1.8x	1.6x
PNGAY Ping An Insurance (Group) Company of China, Ltd.	132.9B	14.0%	–	–	12.1x	10.7x	1.4x	1.3x
PGR The Progressive Corporation	135.6B	38.2%	12.9%	3.96x	12.7x	14.4x	4.0x	3.5x
ZURVY Zurich Insurance Group AG	114.3B	–	9.0%	3.45x	16.1x	14.9x	3.5x	3.3x
TKOMY Tokio Marine Holdings, Inc.	106.0B	–	11.8%	2.03x	17.2x	15.7x	–	–
Mean		22.2%	10.4%	3.56x	14.2x	13.6x	2.7x	2.4x
Median		14.4%	11.8%	3.45x	12.7x	14.4x	2.6x	2.5x

Technical analysis

1M+7.2%
3M+2.4%
1Y+43.1%
3Y+94.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Legal & General Group PLC, fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Premiums earned	11,837	12,006	14,076	12,320	11,586	15,132
Other revenue	53,479	27,734	34,695	−96,358	14,361	12,943
Total revenue	65,317	39,740	48,771	−84,038	25,947	28,075
Losses, benefits and adjustments	9,688	9,052	10,658	9,069	5,932	19,370
Amortization of policy acquisition costs	–	–	–	–	1,116	844
Selling, general & administrative expenses	2,827	2,530	3,086	2,578	2,557	2,071
Depreciation/amortization	133	131	122	123	126	99.8
Interest expense (income), operating	380	342	442	351	398	417
Other operating expenses	51,178	27,125	34,215	−97,295	12,257	3,223
Operating income	1,110	560	248	1,136	3,561	2,050
Net interest income (expense)	–	–	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	1,110	560	248	1,136	3,561	2,050
Provision for taxes	410	398	−316	190	797	298
Minority interest	−32.3	−5.0	17.8	1.2	9.5	49.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	668	158	582	947	2,773	1,801
Extraordinary items	129	81.3	–	–	0	397
Net income	798	239	582	947	2,773	2,197
Basic weighted average shares (mil)	5,713	5,886	5,915	5,917	5,929	5,930
Diluted weighted average shares (mil)	6,076	5,948	6,281	6,279	6,295	6,277
Basic EPS, normalized	1.44	1.41	–	–	0.52	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Legal & General Group PLC, fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Assets
Total receivables	6,489	8,885	10,238	14,389	11,558	11,212
Prepaid expenses	–	–	–	–	–	–
Property, plant & equipment	16,124	12,782	11,871	11,732	14,160	11,962
Goodwill	72.8	37.5	92.9	85.9	92.0	93.0
Intangibles	459	563	607	533	494	450
Insurance receivables	–	–	–	–	–	104
Long-term investments	179,481	178,783	158,785	143,288	727,868	155,954
Note receivable	2,265	1,923	2,000	1,430	906	1,503
Other long-term assets	19,520	2,178	2,182	1,742	1,579	6.8
Deferred policy acquisition costs	–	–	–	–	–	64.3
Other assets	537,038	454,813	452,686	404,415	6,294	574,144
Total assets	784,485	680,804	664,573	620,904	785,256	780,132
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	682	747	647	625	–	561
Policy liabilities	636,082	552,849	552,301	479,689	631,243	665,018
Short-term debt	416	2,073	488	310	0	13.7
Current portion of long-term debt	29.6	35.0	38.2	35.1	–	46.5
Long-term debt	6,254	7,707	7,609	6,705	7,019	8,006
Minority interest	39.1	−46.3	−53.5	−35.1	−51.4	−42.4
Other liabilities	137,906	113,001	97,401	126,846	139,666	92,861
Total liabilities	781,409	676,366	658,430	614,175	777,876	766,463
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	191	184	190	180	202	204
Additional paid-in capital	1,417	1,296	1,311	1,231	1,369	1,376
Retained earnings (accumulated deficit)	904	2,306	3,919	4,625	5,274	11,406
Treasury stock	−220	−204	−187	−174	−134	−103
Other equity	783	857	910	866	670	786
Total equity	3,076	4,439	6,143	6,728	7,380	13,669
Total liabilities & shareholders' equity	784,485	680,804	664,573	620,904	785,256	780,132

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Legal & General Group PLC, fiscal years, most recent first
	2016	2015	2014	2013	2012	2011
Operating activities
Net income	830	244	564	2,770	–	–
Depreciation, depletion & amortization	–	–	–	–	–	–
Deferred taxes	–	–	–	–	–	–
Non-cash items	−16,550	−15,502	−14,250	−9,916	–	–
Changes in working capital	21,848	9,696	−4,445	31,901	–	–
Cash from operations	6,127	−5,562	−18,131	24,755	–	–
Investing activities
Capital expenditures	−68.7	−119	−302	−226	–	–
Other investing cash flows	298	418	−235	−47.2	–	–
Cash from investing	229	299	−537	−273	–	–
Financing activities
Financing cash flow items	−37.7	−35.0	−35.6	−33.9	–	–
Cash dividends paid	−1,680	−1,539	−1,492	−1,350	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2,228	1,988	820	134	–	–
Cash from financing	−3,946	414	−708	−1,250	–	–
Foreign exchange effects	−146	25.0	−62.4	111	–	–
Net change in cash	2,265	−4,824	−19,438	23,344	–	–
Free cash flow	6,059	−5,681	−18,433	24,529	–	–

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.