M&G plc Reports Strong 2024 Financial Performance

M&G Plc ( (MGPUF) ) has released its Q4 earnings. Here is a breakdown of the information M&G Plc presented to its investors.

M&G plc is a prominent international savings and investments company, managing assets for millions of retail and institutional clients globally, with a strong presence in asset management and insurance solutions. The company recently announced its full-year 2024 results, highlighting a 5% increase in adjusted operating profit before tax and a new progressive dividend policy with a 2% increase in total dividend per share. Despite facing challenging market conditions, M&G plc reported resilient capital generation and strategic progress in simplifying its operations and expanding its asset management capabilities. Key financial metrics included an adjusted operating profit of £837 million, a shareholder Solvency II ratio of 223%, and assets under management and administration totaling £345.9 billion. Looking ahead, M&G plc is focused on delivering sustainable growth and maintaining financial strength, with targets to increase operating profit and capital generation over the next three years.