L&G Boosts Full-Year Profit as Capital Buffers Revealed

  • Shares drop about 6% as dividend-payout policy adjusted
  • CFO says insurer still positive on annuities after Solvency II

Legal & General Group Plc reported a 14 percent increase in full-year profit that met analyst expectations as the U.K.’s largest manager of pension assets revealed its capital buffer under new regulations. The shares fell.

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