LONDON, Aug 5 (Reuters) - British life insurer Legal &
General posted a 2% drop in first-half operating
profit, it said on Wednesday, hurt by the impact of the
coronavirus pandemic.
Operating profit from continuing divisions fell to 1.13
billion pounds ($1.48 billion) from 1.15 billion pounds a year
earlier.
Net release from operations - or net cash generation -
dropped 14% to 730 million pounds.
Legal & General, unlike some other insurers, paid a final
dividend for 2019.
It said it would pay an interim dividend for 2020 of 4.93
pence per share, the same as a a year ago.
($1 = 0.7642 pounds)
(Reporting by Carolyn Cohn, editing by Sinead Cruise)