The Legal & General Board has recommended a final dividend of 14.63p, giving a full year dividend of 20.34p, up 5% from the prior year (19.37p). The Board's intention is to grow the dividend at 5% until FY24.
Other financial highlights include:
Operating profit of £1,667m (2022: £1,663m)
Profit after tax of £457m (2022: £783m)
Solvency II capital generation of £1.8bn (2022: £1.8bn)
Solvency II coverage ratio of 224%, with surplus of £9.2bn (2022: 236%, £9.9bn)
