London · Delayed Price · Currency is GBP · Price in GBX M&G plc Earnings Call Transcripts
Fiscal Year 2025
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Strong growth in 2025 with record net inflows, robust asset management and life performance, and a shift to capital-light, fee-based models. Profitability and capital generation targets remain on track, supported by disciplined capital allocation and international expansion.
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Strong net inflows, improved profitability, and robust capital generation marked the first half, with international expansion and cost discipline driving results. Strategic partnerships and product innovation support long-term growth, while the balance sheet remains strong and leverage conservative.
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A new strategic partnership with Dai-ichi will see a 15% stake acquired and at least $6 billion in new business flows over five years, focusing on high-alpha strategies and international expansion. The collaboration is expected to drive long-term growth, with material benefits from 2026.
Fiscal Year 2024
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Operating profit rose 5% year-over-year, driven by Asset Management growth and strong capital generation, with a new progressive dividend policy and upgraded cost savings target. International expansion and private markets are key growth drivers, while Life is now a growth engine.
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Resilient half-year results with strong capital generation, improved solvency, and upgraded targets for both capital and cost savings. Asset management profits rose 9%, while international inflows and cost discipline offset headwinds in wealth and life segments.