Legal & General to Sell U.S. Insurance Businesses in $2.3 Billion Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 07 2025
0mins
Source: WSJ
Business Sale: Legal & General is selling its U.S. protection and pension risk transfer businesses to Meiji Yasuda Life Insurance for $2.3 billion.
Shareholder Returns: The company plans to return £1 billion ($1.24 billion) to shareholders through buybacks and aims to return 40% of its market capitalization by 2027 via dividends and buybacks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
