Annual Report 2022

Inclusive capitalism in the spotlight

We are taking action to tackle the climate crisis, rethinking retirement, investing in long-term assets that benefit everyone, from housing to renewable energy - this is inclusive capitalism’s time in the spotlight.


View some of our 2022 highlights in the interactive video below,
which explores a year of inclusive capitalism in action.
Click on the month you wish to view.

Click here to download a transcript of the full video (PDF)

Click here to view the full video (all 12 months)

Looking back at 2022

Performance highlights

Full year dividend


(2022: 19.37p)

Adjusted operating profit


(2021: £2,262m)

Return on equity


(2021: 20.5%)

Operational footprint (scope 1 and scope 2 (location))

30,062 tCO2e

(2021: 30,957 tCO2e)

Employee satisfaction index


(2021: 76%)

Solvency II capital coverage ratio


(2021: 187%)

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CEO spotlight

We have created a culture where people want to deliver the right outcomes and society trusts us.
Sir Nigel Wilson
CEO, Legal & General plc

See how we're making change happen

Our virtuous circle of inclusive capitalism

Inclusive capitalism is what sets Legal & General apart. It gives us purpose, underpinning what business we do, and how we do it. Put simply, it’s investing capital for high return and the greatest social benefit.

Our climate actions

To avoid the most extreme impacts of a changing climate, we must collectively limit global temperature rises to 1.5°C. Addressing climate change is one of our strategic priorities and we have identified six climate actions to achieve this.

Helping to fuel the growth of tomorrow

At Legal & General we have a track record for investing in new areas of growth – from investment in small companies, technology and science partnerships. Our reach is expanding across UK regions and internationally.

Our six growth drivers

In responding to these long-term drivers, our strategic priorities are set to deliver sustainable profits as well as positive social and environmental outcomes. Environmental, social and governance issues are central to inclusive capitalism and are inherent to all six growth drivers.

Ageing demographics


Investing in the real economy

Welfare reforms

Technological innovation

Addressing climate change

Our business model

We aim to be leaders in retirement and protection solutions, investment management and capital investment. By taking a long-term approach to inclusive capitalism, our businesses work together to make a difference.

Read more in our Annual Report

Investing for good

We invest some of our annuity premiums, along with our capital, in the real economy. Our businesses work together to deliver and operate infrastructure, housing, SME and green energy.

Explore the map to read more about our investments across the UK