Summary: Legal & General Assurance Society Ltd.
- ID: 1771537
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on U.K.-based life insurer Legal & General Assurance Society Ltd. (LGAS) are based on its very strong competitive position in the U.K., very strong consolidated capital adequacy, and robust underlying operating performance. These strengths are partly offset, however, by the challenging operating environment for U.K. life insurers and its limited geographic diversification. LGAS is the core operating subsidiary of Legal & General Group PLC (L&G). L&G's very strong position in the U.K. financial services market is based on its diverse distribution, high-quality retail product range, expertise in index-tracking fund management, and strong brand. L&G continues to be successful in securing strategic alliances and leveraging group synergies across its risk, savings, and asset management operations to support its market...
Companies mentioned in this report are: Legal & General Assurance Society Ltd.,Legal & General Group PLC
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