Legal & General’s US Pension Risk Transfer Business Nearing $2 Billion
Legal & General today announced impressive growth metrics for its expanding US Pension Risk Transfer (PRT) business.
Legal & General's US PRT business combines over 30 years of PRT expertise in the UK with its proven US investment capabilities. It has amassed a global annuity book of nearly $80 billion as of December 31, 2017, and guarantees annuity benefits to over one million annuitants.
Nigel Wilson, CEO of Legal & General Group"We are very pleased with our growing success in the US and see great opportunity over the next several decades. We will continue to invest heavily in our international expansion and intend to be a major player as we steadily grow our position in the US market."
Notes to editors
Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.