M&G PLC

MNG

Equity

ISIN GB00BKFB1C65 / Valor 49989160

LSE London Stock Exchange, SETS (2026-05-22)

GBP 3.15-0.03%

M&G PLC
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About company

M&G PLC is a prominent global asset manager with a rich history of active investment across a diverse range of markets, both public and private. As part of the larger M&G plc group, an international savings and investment business, it boasts a significant scale and global presence, managing over CHF 336 billion in assets. M&G Investments offers a comprehensive suite of investment capabilities that include fixed income, equities, multi-asset, real estate, private credit, infrastructure, and private equity. The company is recognized for its substantial management of private assets in Europe, expertise in global fixed income, and innovative approaches in equities, particularly with sustainability-driven thematic equity funds. Catering to a wide array of clients, including individual and professional investors like banks, pension funds, and sovereign wealth funds, M&G Investments is committed to delivering exceptional investment performance and client service. The firm's heritage of innovation dates back to launching Europe's first mutual fund in 1931, continually adapting to the evolving investment landscape to meet client needs effectively.

Summarized from source with an LLMView SourceSector: Finance

Net flows & AUMA

Net inflows from open business were £7.8bn (2024: -£1.9bn); AUMA rose to £375.9bn (2024: £345.9bn), driven by strong Asset Management external client inflows of £7.0bn.

Adjusted operating profit (AOP)

AOP was £838m (2024: £837m) — broadly unchanged. Life AOP increased to £764m while Asset Management AOP was £280m, down slightly from £289m due to lower performance fees and investment returns.

IFRS result

IFRS profit after tax improved to a £314m profit (2024: £347m loss), mainly from reduced short‑term investment fluctuations and smaller IFRS 17 mismatches.

Life business & CSM

Contractual service margin (CSM) grew 10% to £6.6bn (31 Dec 2024: £6.0bn). Life showed higher PruFund and With‑Profits contributions and increased BPA activity.

Capital generation & solvency

Operating capital generation (OCG) was £765m (2024: £933m); OCG before new business strain was £928m, in line with the £2.7bn cumulative 2025–2027 target. Shareholder Solvency II coverage rose to 242% (2024: 223%).

Commercial execution

Completed 11 BPA transactions (£1.5bn new business, +65% y/y), brought PruFund back into inflows late in 2025, and Asset Management expanded non‑UK third‑party assets to £107bn (from £89bn).

Strategic partnership

Entered a long‑term strategic partnership with Dai‑ichi Life HD (now largest shareholder); partnership has delivered £0.4bn inflows in seven months and targets at least $6bn of new business over five years.

Costs & efficiency

Delivered £250m of transformation cost savings, reduced the Asset Management cost‑to‑income ratio to 75% (from 76%), and set a group target of 70% by end‑2027.

Dividend

Dividend per share rose to 20.5p (2024: 20.1p). The 2025 second interim dividend is 13.8p per share, payable 30 April 2026.

Outlook & targets

Management expects momentum to continue into 2026, targeting at least 5% average annual AOP growth over 2025–2027, meaningful AOP acceleration in 2026, and delivery of the £2.7bn cumulative OCG (ex‑new business strain) and a 70% cost‑to‑income ratio by 2027.

Summarized from source with an LLMView Source

Key figures

43.1%1Y

56.4%3Y

32.3%5Y

Performance

20.7%1Y

21.2%3Y

25.2%5Y

Volatility