M&G Plc (GB:MNG) has released an update.
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M&G Plc has reported a robust financial performance for the first half of 2024, with operating profit and capital generation closely aligning with the previous year’s strong figures. The company announced improved financial strength, evidenced by an increase in its Solvency II coverage ratio to 210%, and advanced its simplification strategy, realizing £121 million in cost savings. M&G Plc is also upgrading its capital generation and cost savings targets while continuing to focus on strategic priorities to foster growth.
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