Legal & General Group (LGEN) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders to the hybrid AGM, emphasizing inclusivity and accessibility for both in-person and virtual attendees.

• Marked significant leadership transitions, including the retirement of the company secretary and chair, and welcomed their successors.

• Outlined the meeting sequence, including a review of achievements, financial performance, and board changes.

Board and executive committee updates

• Multiple senior leadership changes: new CFO, Chief People Officer, and CEO of Institutional Retirement, with most appointments promoted internally.

• Maria Alvarez-Scott appointed as Group General Counsel and Company Secretary.

• Mark Jordy joined as Independent Non-Executive Director, and Scott Wheway succeeded as Chair.

• Emphasized strong succession planning and internal talent pipeline.

Financial performance review

• Core operating profit rose 6% to £1.6bn in 2025; core operating EPS grew 9%, at the top end of the target range.

• Pro forma Solvency II ratio at 210% post-U.S. protection business disposal and share buyback.

• Asset management AUM reached £1.2tn, with private markets growing 32% to £75bn.

• Workplace DC assets grew 21% to £114bn; annuities new business at £1.8bn.