- Business
- Legal & General Group Plc (LGEN.L) is a leading UK-based multinational financial services and asset management company headquartered in London, England, and founded in 1836. The group operates through three core businesses: Asset Management, which provides investment solutions across public and private markets including unit-linked institutional pensions, segregated mandates, collective investment schemes, index funds, active fixed income and equity funds, multi-asset funds, liability-driven investment, cash management, private markets strategies in real estate, private corporate debt, infrastructure debt, and real estate loans; Institutional Retirement, offering annuity contracts with guaranteed income, longevity insurance, assured payment policies, and pension risk transfer solutions; and Retail, delivering protection products such as life insurance, health, disability, critical illness, accident coverage, individual term assurance, reinsurance, savings and death benefits, annuities, lifetime mortgages, lifetime care plans, retirement interest-only mortgages, workplace and retail savings schemes, and mortgage services. With approximately £1.1 trillion in assets under management, Legal & General serves individual savers, pension scheme members, global institutions, companies, defined benefit pension schemes, and retail customers primarily in the United Kingdom, United States, Europe, and Asia-Pacific regions. Recent strategic developments include the May 2025 acquisition of a 75% stake in Proprium Capital Partners, a $3.5 billion AUM global real estate private equity firm, with up to $300 million committed to future funds to expand real estate capabilities in Europe and APAC; an October 2024 strategic investment in Taurus Investment Holdings with up to $200 million seed capital to bolster US multi-family real estate presence; the launch of an Affordable Housing Fund with £510 million commitments and a £1 billion Build to Rent partnership with Nest and PGGM; the sale of its US protection business yielding $2.3 billion in proceeds and formation of a strategic partnership with Meiji Yasuda; a £500 million share buyback announced in its 2024 full-year results alongside a prior £200 million buyback; and senior leadership appointments in November 2025 including Global Head of Defined Contribution and Head of Reinsurance to support growth ambitions.