Earnings Call Summary | LEGAL & GENERAL GROUP SPON ADR EACH CNV INTO 5 ORD GBP0.025(LGGNY.US) Q4 2023 Earnings Conference
Earnings Call Summary | LEGAL & GENERAL GROUP SPON ADR EACH CNV INTO 5 ORD GBP0.025(LGGNY.US) Q4 2023 Earnings Conference
The following is a summary of the Legal & General Group Plc (LGGNY) Q4 2023 Earnings Call Transcript:
以下是Legal & General Group Plc（LGGNY）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Legal & General posted an operating profit of £1.7 billion for 2023.
There was a noteworthy increase in new business volumes, predominantly in institutional retirement and the PRT business.
The company's solvency ratio was reported as 224%.
Full-year dividends were raised by 5% to £20.34, signifying satisfactory financial health.
Legal & General's institutional retirement segment saw a prosperous year in the UK.
Success in generating capital was demonstrated, with a steady operating profit across divisions such as LGRI (£886 million) and retail insurance (£436 million).
Capital generation of £1.8 billion allowed the company to reach a durable balance sheet with a Solvency II coverage ratio of 224%.
Legal & General Group Plc aims to sustain dividends growth by 5% for 2024.
Legal & General公佈的2023年營業利潤爲17億英鎊。
新業務量顯著增加，主要是機構退休和PRT業務。
據報道，該公司的償付能力比率爲224％。
全年股息提高了5％，至20.34英鎊，這表明財務狀況令人滿意。
Legal & General的機構退休部門在英國迎來了繁榮的一年。
在創造資本方面取得了成功，LGRI（8.86億英鎊）和零售保險（4.36億英鎊）等部門實現了穩定的營業利潤。
18億英鎊的資本創造使該公司得以實現持久的資產負債表，償付能力II的覆蓋率爲224％。
Legal & General Group Plc的目標是在2024年將股息增長維持5％。
Business Progress:
業務進展：
The company's continued strategy for diversification and international expansion is showing positive results, particularly in their business operations.
Legal & General has enhanced its standing in real estate equity and private credit, including the launch of a clean power fund raising €400 million with NTR.
By implementing funded reinsurance, the company has managed to effectively contribute towards its financial standing.
The protection business witnessed improvements in the U.S. market. However, retail protection slowed down due to rate changes and a sluggish mortgage market.
Legal & General anticipates significant growth in the global private assets market, which is predicted to grow by £9 trillion over the next four years.
The company succeeded in handling unrealized losses and showed resilience in managing its retail business.
Legal & General plans to strategically invest in technology enhancements across its business units to stay competitive.
The company anticipates a continuous rise in the Bulk Purchase Annuity market competition and perceives it as a testament to the sustainability of their business model.
Legal and General Group expects to achieve higher returns on risk moving forward, aiming for an operating profit of £600 million to £700 million in total by the end of 2025.
該公司持續的多元化和國際擴張戰略顯示出積極成果，尤其是在業務運營方面。
Legal & General提高了其在房地產股權和私人信貸中的地位，包括啓動清潔能源基金，通過NTR籌集了4億歐元。
通過實施資金再保險，該公司設法有效地爲其財務狀況做出了貢獻。
保護業務見證了美國市場的改善。但是，由於利率變動和抵押貸款市場疲軟，零售保護放緩。
Legal & General預計，全球私募資產市場將大幅增長，預計未來四年將增長9萬億英鎊。
該公司成功地處理了未實現的損失，並在管理其零售業務方面表現出了韌性。
Legal & General計劃戰略性地投資於其業務部門的技術改進，以保持競爭力。
該公司預計，批量購買年金市場的競爭將持續加劇，並認爲這證明了其商業模式的可持續性。
Legal and General Group預計未來將實現更高的風險回報，目標是到2025年底實現總營業利潤6億至7億英鎊。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。