Legal & General 2018 operating profit rises 10%

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Legal & General 2018 operating profit rises 10%
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British life insurer Legal & General posted a 10 percent rise in operating profit to 1.9 billion pounds ($2.5 billion) in 2018, helped by record sales of annuities.

British life insurer Legal & General posted a 10 percent rise in operating profit to 1.9 billion pounds in 2018, helped by record sales of annuities, it said on Wednesday.

Legal & General Investment Management, one of the biggest investors in the UK stock market, saw a three percent rise in assets under management to 1 trillion pounds.

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