Legal & General growth strategy stires some doubts

Article Abstract:

Legal & General Group PLC posted a 31% increase in new business in the UK for the initial nine months ending 1998 despite doubts of the long-term benefits of the cost-reduction strategies that propelled that business in the short term. Analysts believe that life insurance products such as index-tracking tools, personal equity plans, and term assurance need to contend with a slowing market. Legal & General should be careful to maintain its market share despite its apparently successful strategy since the market is moving toward lower margin products.

Comment:

Posts a 31% increase in new business in the UK for the initial nine months ending 1998

Financial management, Insurance, Insurance Carriers and Related Activities, Legal and General Group PLC, Article

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Friends Provident posts results for first half

Article Abstract:

Friends Provident PLC posted slightly lower than expected results for the 2001 first-half. The company posted 92 million pounds (149.48 million euros) in pretax operating profits for the period.

Sales, profits & dividends, Life Insurance, Direct Life Insurance Carriers, Finance, Insurance industry, Profit, Profits, Life insurance industry, Friends Provident PLC

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