2023 Annual Report and Results (2024)

Introduction

View some of our 2023 highlights in the interactive video below.

Click here to download a transcript of the full video (PDF)

Click here to view the full video (all 12 months)

Performance highlights

Full year dividend per share (p)

20.34 p

(2022: 19.37p)

Adjusted operating profit (£m)

£1,667 m

(2022: £1,663m)

Store of future profit (£bn)

£14.7 bn

(2022: £13.5bn)

Operational footprint (scope 1 and scope 2 (location))

27,722 tCO2e

(2022: 30,062 tCO2e)

Employee satisfaction index

79%

(2022: 78%)

Solvency II capital coverage ratio

224%

(2022: 236%)

Read more in our Annual Report

António Simões on our full year results

Welcoming António Simões

Legal & General is a business with strong foundations, and excellent potential.

António Simões
CEO, Legal & General plc

2023 Annual Report and Results (1)

Momentum through change

Creating better places

We are aiming to reverse the trend of chronic under investment, reduce economic inequalities and create better communities in which to live and work. We’re rolling out the next generation of urban regeneration, pumping capital into towns and cities that have seen too little investment for too long.

Read more in our Annual Report

2023 Annual Report and Results (2)

Climate and nature

The need to tackle climate change and nature loss is becoming increasingly urgent. It is one of our strategic growth drivers and we aim to deliver via our three-pillar strategy: Invest, Influence and Operate. Being a sustainable business defines our role in society and the value we create.

Read more in our Annual Report

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Working together

We aspire to empower our employees to work together to create value for our customers, shareholders and the communities we’re here to serve. Our people are united behind a shared purpose to have a positive impact on society and to put customers at the heart of everything we do.

Read more in our Annual Report

2023 Annual Report and Results (4)

Cardiff Central Square investment

We have invested over £1 billion in Cardiff, transforming the city centre and generating excellent financial performance. Our regeneration of Cardiff has not only created state-of-the-art workspace, homes and better transport, but also a sense of arrival when people step off the train into Central Square. Cardiff shows the scale of our ambition and our work is by no means finished.

Read more in our Annual Report

Our six growth drivers

In responding to these long-term drivers, our strategic priorities aim to deliver sustainable profits as well as positive social and environmental outcomes. Environmental, social and governance issues are central to inclusive capitalism and are inherent to all six growth drivers.

Read more in our Annual Report

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Ageing demographics

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Globalisation

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Investing in the real economy

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Welfare reforms

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Technological innovation

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Addressing climate change

Our business model

Our business model is aligned with our strategy, ensuring we derive maximum benefit for our stakeholders. We aim to be leaders in retirement and protection solutions, investment management and capital investment. By taking a long-term approach to inclusive capitalism, our businesses work together to make a difference.

Read more in our Annual Report

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Further reading

Levelling up the UK From housing to clean energy and from transport infrastructure to city centre regeneration, we are investing across the country for the long-term. Find out more Levelling up the UK
Here’s to the next 25 years, Cardiff Our office space in The Interchange is the fifth stage of a much bigger scheme to regenerate Central Square. Find out more Here’s to the next 25 years, Cardiff
Real estate roadmap to net zero Our adoption of science-based targets for reducing carbon emissions from our real estate portfolios is an important landmark in our fight against climate change. Find out more Real estate roadmap to net zero
Map of our UK investments From the delivery of diversified homes, to the regeneration of cities, we use our investments to build better futures. Find out more Map of our UK investments
What is ‘place based’ impact investing? We're working with local leaders and communities to understand and define their specific need for investment. Find out more What is ‘place based’ impact investing?
Helping UK pension funds support national and regional economic growth Providing the infrastructure that is needed to grow the science and technology sector. Find out more Helping UK pension funds support national and regional economic growth across Science, Technology, and Innovation
2023 Annual Report and Results (2024)
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