MNG adjusted operating profit up 15% to £435m; net inflows strong
Adjusted operating profit before tax rose 15% year-over-year to £435m, alongside strong net inflows and AUMA growth to £387.4bn. IFRS loss after tax was £165m, driven by a £325m pre-tax loss from UK ground rent legislation.
Adjusted operating profit before tax rose 15% year-over-year to £435m, with strong net inflows and AUMA growth to £387.4bn.
IFRS loss after tax was £165m, mainly due to a £325m pre-tax loss from UK ground rent legislation.
Shareholder Solvency II coverage ratio improved to 247%.Original document: M…