skip to content


L&G Solvency II surplus increases to £7bn

19 May 2017 09:30

Legal & General's Solvency II surplus has increased to £7.0bn - up from £5.7bn disclosed in the group's 2016 full-year results.

L&G said: "We have a strong regulatory capital balance sheet and based on current market conditions, the group's Solvency II surplus is estimated to be c.£7.0bn with eligible own funds of c.£14.9bn and a solvency capital requirement of c.£7.9bn and hence a shareholder basis coverage ratio of 188%.

"At our full year results we disclosed our year-end 2016 Solvency II surplus of £5.7bn and coverage ratio of 171% on a shareholder basis.

"This was following a year of record new business for Legal & General including £7.0bn of new annuity sales.

"The group's diversified business model delivered total Solvency II new business strain of £96m for the year."

At 9:30am: (LON:LGEN) Legal General Group PLC share price was -1.75p at 249.15p

Story provided by

Related Company: LGEN

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.