Legal & General Group plc is a leading global financial services and asset management firm. The company operates through four main divisions: Institutional Retirement (LGRI), Retail, Asset Management (LGIM), and Capital (LGC). The Institutional Retirement segment, which is the largest contributor to operating profit, specializes in pension risk transfer (PRT) solutions, offering annuity contracts and longevity insurance to corporate pension schemes. The Retail division provides individual life insurance, protection products, lifetime mortgages, and workplace savings. The Asset Management division (Legal & General Investment Management) is one of the largest institutional asset managers in Europe, offering index fund management, active fixed income, and multi-asset strategies. The Capital division invests the group's shareholder capital and customer assets into alternative assets such as clean energy, housing, and infrastructure. Geographically, the company generates the majority of its revenue in the United Kingdom, with a growing presence in the United States and international markets. In 2020, Legal & General sold its general insurance business to focus entirely on life insurance, retirement solutions, and asset management.
