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M&G (MNG) investor relations material

M&G Q3 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 TU earnings summary5 Nov, 2025

Executive summary

  • Group assets under management and administration (AUMA) rose 3% in Q3 2025 to £365bn, driven by £1.8bn net inflows from open business across Asset Management and Life.

  • Asset Management saw strong external client net inflows of £1.5bn in Q3, with both Institutional and Wholesale franchises contributing positively.

  • Life AUMA increased 2% over the period, with PruFund net flows turning positive at £0.2bn in Q3 after negative flows in H1 2025.

  • Bulk Purchase Annuities (BPA) new business volumes improved to £0.3bn in Q3, with the With-Profits BPA launch on track for Q1 2026.

Financial highlights

  • Group AUMA reached £364.9bn as of 30 September 2025, up from £355bn at HY 2025.

  • Year-to-date (YTD) net flows from open business totaled £3.9bn, with Q3 contributing £1.8bn.

  • Asset Management AUMA stood at £335bn, including £176bn from external clients, up 3% in the quarter and 6% YTD.

  • Institutional Asset Management net inflows were £0.8bn in Q3, Wholesale Asset Management net inflows were £0.7bn.

  • PruFund franchise AUMA reached £68bn, with Q3 net flows of £0.2bn.

Outlook and guidance

  • Continued positive momentum expected, with new business flows anticipated from the partnership with Dai-ichi Life.

  • With-Profits BPA product launch remains on schedule for Q1 2026.

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Frequently asked questions

M&G plc is a United Kingdom-based savings and investment company providing a range of financial solutions to individual and institutional clients. The company operates through two primary segments: Asset Management and Retail & Savings. It offers investment products such as mutual funds, fixed income securities, and multi-asset strategies, as well as retirement solutions, annuities, and life insurance policies. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE (London Stock Exchange).

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