LONDON, March 4 (Reuters) - British life insurer Legal &
General posted a 12% rise in 2019 operating profit to
2.1 billion pounds ($2.69 billion) on Wednesday, boosted by
record company pension deals.
L&G has increasingly focused on bulk annuities - insuring
company final salary, or defined benefit, pension schemes.
Bulk annuity sales including several jumbo deals at
Britain's third-largest insurer reached 11.4 billion pounds, up
25% from a year earlier.
($1 = 0.7806 pounds)
(Reporting by Carolyn Cohn, editing by Huw Jones)
Legal & General (LGEN)
