Legal & General Group Plc reported a core operating profit of £849 million for the first half of 2024, a 0.5% increase from the previous year, exceeding analyst expectations. The company achieved a robust solvency ratio of 223% and anticipates mid-single-digit growth in core operating profit for the year. The interim dividend was raised by 5% to 6p per share, alongside a £200 million share buyback program, signaling confidence in its financial stability. Despite a 14% drop in profits from its asset management division, growth in its Institutional Retirement and Retail life insurance segments helped offset these losses. New CEO António Simões highlighted ongoing strategic changes aimed at simplifying operations and enhancing shareholder value. Overall, the firm continues to focus on its pension risk transfer business, which remains a key revenue driver.