M&G PLC (LSE:MNG)
£ 2.049 0.012 (0.59%) Market Cap: 4.87 Bil Enterprise Value: 8.02 Bil PE Ratio: 29.67 PB Ratio: 1.32 GF Score: 41/100
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Half Year 2024 M&G PLC Earnings Call Transcript

Sep 04, 2024 / 09:00AM GMT
Release Date Price: £2.13 (-1.53%)
Andrea Rossi
M&G PLC - Group Chief Executive Officer, Executive Director

Good morning, and welcome to M&Gâs Half-Year Results. I am very happy to be here with you today, to share the progress we have achieved so far in 2024 as we continue to deliver on our strategic priorities, and to lay the foundations for sustainable business growth.

Over the last six months, we have taken meaningful steps forward, both from an operational perspective and towards all our financial targets. Despite the high-rate environment, which subdued new business sales, we delivered a good performance, with both operating profit and capital generation nearly matching last yearâs record result.

And thanks to our strong investment performance, we achieved some of the best flows among active Asset Managers. With market trends improving, we are well placed to capitalise on growth opportunities. Let me now take you through the key business highlights.

We began our strategic journey 18 months ago when I outlined my three priorities for M&G financial strength, simplification and growth we continue

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