Wed, 10th Mar 2021 07:13
LONDON, March 10 (Reuters) - British insurer Legal & General
posted a 3% dip in 2020 operating profit to 2.2 billion
pounds ($3.05 billion) on Wednesday, hit by a slowdown in demand
for life insurance products due to the coronavirus pandemic.
But the insurer's fund management arm, one of the biggest
investors in the UK stock market, saw assets under management
rise 7% to 1.3 billion pounds.
($1 = 0.7209 pounds)
(Reporting by Carolyn Cohn)
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