Britain's L&G sells US protection unit to Japanese insurer for $2.3 billion By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 07 2025
0mins
Source: Investing.com
L&G's Strategic Sale: Legal & General is selling its U.S. protection business to Japan's Meiji Yasuda for $2.3 billion, marking the largest transaction in the company's history and part of CEO António Simões' strategy to simplify the group.
Future Plans and Partnerships: Following the sale, L&G will focus on its retail customers in Britain and plans to invest £400 million from the proceeds into expanding its U.S. pension risk transfer business, while forming a strategic partnership with Meiji Yasuda.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
