LONDON, June 17 (Reuters) - British insurer Legal &
General ( LGGNF ) expects 2025 group core operating earnings per
share to grow between 6% and 9%, in line with its three-year
targets, it said on Tuesday.
It will announce a strategy for its asset management
unit later on Tuesday, including plans to become a more
capital-light business, sell more third-party financial products
and provide clients with more sophisticated investment
solutions.
The company reiterated its 2028 targets, which include
delivering 500 to 600 million pounds ($679 to $814 million) in
operating profit by increasing earnings through fees charged to
clients while reducing costs.
Last month, Legal & General ( LGGNF ) announced the merger of two of
its investment units as part of efforts to cut costs and
simplify its business.
($1 = 0.7369 pounds)