04 November 2015
Legal & General Capital's DI up 88% in 12 months .
Legal & General Capital's (LGC) direct investments increased by 88% over the year to the end of September 2015, to ,~0.8bn (Q3 2014: ,~0.4bn).Total Group-wide direct investments have increased 43% to ,~6.6bn (Q3 2014: ,~4.6bn).
LGC invests the assets backing the Group's capital requirement and surplus in order to generate higher risk adjusted returns for our shareholders as well as to support the growth of its main businesses. Using this competitive advantage, LGC is able to provide enhanced long term revenue streams for Legal & General Investment Management (LGIM) and access to assets that provide increased returns for Legal & General's insurance business.