Legal & General Group Plc provides risk, savings and investment management products in the United Kingdom. The company also has operations in the United States, France, the Netherlands, and Egypt. Segments The company’s primary segments include: Risk Segment; Savings Segment; and Investment Management Segment. Risk Segment The Risk Segment comprises individual and group protection, individual and bulk purchase annuities, and general insurance, together with estate agencies and the housing related business conducted through its regulated mortgage network. Individual Protection: Covers individuals or families against financial losses arising from defined events, such as death, disability or critical illness. Group Risk: Products which are designed for use by employers to offer as a benefit to their employees. They assume the risks and associated costs of an employee falling ill or dying while in employment. Annuities: Bought by people converting a lump sum (often money saved in a pension scheme) into a lifelong income. Bulk Purchase Annuities (BPAs) or Pension Buyouts: BPAs are offered to companies wishing to transfer all or part of the responsibility and risk from company pension schemes to an insurance company for a negotiated price. General Insurance (GI): Focusing on the household sector, the company insures the fabric of properties and their contents. Mortgage Club: The company’s network of mortgage advisers provides a link with mortgage lenders, sourcing mortgages for clients and facilitating sales of Protection and GI products. Savings Segment The Savings Segment comprises non profit investment bonds, non profit pensions (including SIPPs), individual savings accounts (ISAs), retail unit trusts, and with-profits products. Unit Trusts: A simple form of collective investment, which enable customers to invest in different securities and indices. Individual Savings Accounts: Enable customers to invest in cash or securities, up to a defined annual limit on a tax efficient basis. Investment Bonds: Combine life assurance features and the facility for the customer to invest in a variety of investment funds. Pensions: Pensions products enable individuals to save for retirement in a tax efficient way, either through a personal pension, or as part of an employer’s scheme. With-profits: With-profits pool customers’ investments. Policies share the characteristic that investors receive bonuses as a result of direct participation in surplus profits. Investment Management Segment The Investment Management Segment comprises institutional fund management and institutional unit trust business. Index Funds: Legal & General Investment Management (LGIM) has various index funds under management. Rather than making individual stock picks or particular weightings to certain sectors, index funds aim to replicate the return of an equity-tracking or fixed income index. Active Funds: LGIM provides actively managed equity and fixed income funds which aim to produce a higher return than the market over the medium to longer term. Risk Management Solutions: LGIM provides a range of derivative-based investment approaches, such as Liability Driven Investment (LDI) and equity risk management, aimed at helping pension funds meet payments to members when they fall due. Property: LGIM is a significant investor in the U.K. commercial property and is active as a landlord and in site developments on behalf of property fund investors. Acquisitions In January 2008, the company acquired Nationwide Life Limited and Nationwide Unit Trust Managers Limited. In May 2008, the company acquired Suffolk Life Group Plc, a provider of self invested personal pensions (SIPPs).
legal & general group plc
One Coleman Street
London, EC2R 5AA
Phone: 44 20 3124 2000
Fax: 44 20 3124 2500www.legalandgeneral.com
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