Legal & General Group PLC (LGEN) - Net Assets
Based on the latest financial reports, Legal & General Group PLC (LGEN) has net assets worth GBX2.31 Billion GBX (≈ $281.30K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX582.27 Billion ≈ $70.85 Million USD) and total liabilities (GBX579.96 Billion ≈ $70.56 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Legal & General Group PLC liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.31 Billion |
| % of Total Assets | 0.4% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | -78.87% |
| 10-Year Change | -68.25% |
| Growth Volatility | 62.39 |
Legal & General Group PLC - Net Assets Trend (1985–2025)
This chart illustrates how Legal & General Group PLC's net assets have evolved over time, based on quarterly financial data. Also explore LGEN total asset value for the complete picture of this company's asset base.
Annual Net Assets for Legal & General Group PLC (1985–2025)
The table below shows the annual net assets of Legal & General Group PLC from 1985 to 2025. For live valuation and market cap data, see how much is Legal & General Group PLC worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX2.31 Billion ≈ $281.30K |
-34.15% |
| 2024-12-31 | GBX3.51 Billion ≈ $427.19K |
-26.61% |
| 2023-12-31 | GBX4.78 Billion ≈ $582.07K |
-60.59% |
| 2022-12-31 | GBX12.14 Billion ≈ $1.48 Million |
+10.93% |
| 2021-12-31 | GBX10.94 Billion ≈ $1.33 Million |
+9.80% |
| 2020-12-31 | GBX9.97 Billion ≈ $1.21 Million |
+9.60% |
| 2019-12-31 | GBX9.09 Billion ≈ $1.11 Million |
+5.10% |
| 2018-12-31 | GBX8.65 Billion ≈ $1.05 Million |
+13.96% |
| 2017-12-31 | GBX7.59 Billion ≈ $923.73K |
+4.24% |
| 2016-12-31 | GBX7.28 Billion ≈ $886.13K |
+8.82% |
| 2015-12-31 | GBX6.69 Billion ≈ $814.34K |
+6.19% |
| 2014-12-31 | GBX6.30 Billion ≈ $766.89K |
+10.58% |
| 2013-12-31 | GBX5.70 Billion ≈ $693.53K |
+4.01% |
| 2012-12-31 | GBX5.48 Billion ≈ $666.76K |
+4.06% |
| 2011-12-31 | GBX5.27 Billion ≈ $640.72K |
+8.04% |
| 2010-12-31 | GBX4.87 Billion ≈ $593.02K |
+16.10% |
| 2009-12-31 | GBX4.20 Billion ≈ $510.78K |
+12.49% |
| 2008-12-31 | GBX3.73 Billion ≈ $454.08K |
-33.64% |
| 2007-12-31 | GBX5.62 Billion ≈ $684.28K |
-3.68% |
| 2006-12-31 | GBX5.84 Billion ≈ $710.44K |
+18.29% |
| 2005-12-31 | GBX4.94 Billion ≈ $600.57K |
+26.92% |
| 2004-12-31 | GBX3.89 Billion ≈ $473.18K |
+19.74% |
| 2003-12-31 | GBX3.25 Billion ≈ $395.19K |
+2.01% |
| 2002-12-31 | GBX3.18 Billion ≈ $387.40K |
+10.67% |
| 2001-12-31 | GBX2.88 Billion ≈ $350.05K |
-9.73% |
| 2000-12-31 | GBX3.19 Billion ≈ $387.77K |
+3.31% |
| 1999-12-31 | GBX3.08 Billion ≈ $375.36K |
+14.26% |
| 1998-12-31 | GBX2.70 Billion ≈ $328.51K |
+10.75% |
| 1997-12-31 | GBX2.44 Billion ≈ $296.63K |
+17.55% |
| 1996-12-31 | GBX2.07 Billion ≈ $252.35K |
+386.85% |
| 1995-12-31 | GBX426.00 Million ≈ $51.83K |
+28.31% |
| 1994-12-31 | GBX332.00 Million ≈ $40.39K |
+2.47% |
| 1993-12-31 | GBX324.00 Million ≈ $39.42K |
+23.57% |
| 1992-12-31 | GBX262.20 Million ≈ $31.90K |
+9.02% |
| 1991-12-31 | GBX240.50 Million ≈ $29.26K |
-16.23% |
| 1990-12-31 | GBX287.10 Million ≈ $34.93K |
-21.36% |
| 1989-12-31 | GBX365.10 Million ≈ $44.42K |
+20.02% |
| 1988-12-31 | GBX304.20 Million ≈ $37.01K |
+9.94% |
| 1987-12-31 | GBX276.70 Million ≈ $33.67K |
-1.71% |
| 1986-12-31 | GBX281.50 Million ≈ $34.25K |
+20.35% |
| 1985-12-31 | GBX233.90 Million ≈ $28.46K |
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Equity Component Analysis
This analysis shows how different components contribute to Legal & General Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 51700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX517.00 Million | 22.65% |
| Common Stock | GBX142.00 Million | 6.22% |
| Other Comprehensive Income | GBX240.00 Million | 10.51% |
| Other Components | GBX1.38 Billion | 60.62% |
| Total Equity | GBX2.28 Billion | 100.00% |
Legal & General Group PLC Competitors by Market Cap
The table below lists competitors of Legal & General Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kyeryong Const
KO:013580
|
$174.08 Million |
|
Korea Information Certificate Authority Inc
KQ:053300
|
$174.10 Million |
|
Adi Sarana Armada Tbk
JK:ASSA
|
$174.11 Million |
|
Onward Medical N.V.
BR:ONWD
|
$174.18 Million |
|
Slam Corp.
NASDAQ:SLAMF
|
$173.87 Million |
|
PACT GROUP HLDGS
F:27P
|
$173.87 Million |
|
FENIX Resources Ltd
AU:FEX
|
$173.83 Million |
|
Tucows Inc.
TO:TC
|
$173.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Legal & General Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,548,000,000 to 2,283,000,000, a change of -1,265,000,000 (-35.7%).
- Net income of 498,000,000 contributed positively to equity growth.
- Dividend payments of 1,247,000,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income decreased equity by 79,000,000.
- Other factors decreased equity by 417,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX498.00 Million | +21.81% |
| Dividends Paid | GBX1.25 Billion | -54.62% |
| Share Repurchases | GBX20.00 Million | -0.88% |
| Other Comprehensive Income | GBX-79.00 Million | -3.46% |
| Other Changes | GBX-417.00 Million | -18.27% |
| Total Change | GBX- | -35.65% |
Book Value vs Market Value Analysis
This analysis compares Legal & General Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 678.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5189.58x to 678.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | GBX0.05 | GBX254.90 | x |
| 1986-12-31 | GBX0.06 | GBX254.90 | x |
| 1987-12-31 | GBX0.06 | GBX254.90 | x |
| 1988-12-31 | GBX0.06 | GBX254.90 | x |
| 1989-12-31 | GBX0.08 | GBX254.90 | x |
| 1990-12-31 | GBX0.06 | GBX254.90 | x |
| 1991-12-31 | GBX0.05 | GBX254.90 | x |
| 1992-12-31 | GBX0.05 | GBX254.90 | x |
| 1993-12-31 | GBX0.07 | GBX254.90 | x |
| 1994-12-31 | GBX0.07 | GBX254.90 | x |
| 1995-12-31 | GBX0.09 | GBX254.90 | x |
| 1996-12-31 | GBX0.42 | GBX254.90 | x |
| 1997-12-31 | GBX0.47 | GBX254.90 | x |
| 1998-12-31 | GBX0.53 | GBX254.90 | x |
| 1999-12-31 | GBX0.60 | GBX254.90 | x |
| 2000-12-31 | GBX0.62 | GBX254.90 | x |
| 2001-12-31 | GBX0.56 | GBX254.90 | x |
| 2002-12-31 | GBX0.54 | GBX254.90 | x |
| 2003-12-31 | GBX0.64 | GBX254.90 | x |
| 2004-12-31 | GBX0.54 | GBX254.90 | x |
| 2005-12-31 | GBX0.68 | GBX254.90 | x |
| 2006-12-31 | GBX0.83 | GBX254.90 | x |
| 2007-12-31 | GBX0.84 | GBX254.90 | x |
| 2008-12-31 | GBX0.60 | GBX254.90 | x |
| 2009-12-31 | GBX0.72 | GBX254.90 | x |
| 2010-12-31 | GBX0.82 | GBX254.90 | x |
| 2011-12-31 | GBX0.85 | GBX254.90 | x |
| 2012-12-31 | GBX0.91 | GBX254.90 | x |
| 2013-12-31 | GBX0.95 | GBX254.90 | x |
| 2014-12-31 | GBX1.01 | GBX254.90 | x |
| 2015-12-31 | GBX1.07 | GBX254.90 | x |
| 2016-12-31 | GBX1.17 | GBX254.90 | x |
| 2017-12-31 | GBX1.26 | GBX254.90 | x |
| 2018-12-31 | GBX1.44 | GBX254.90 | x |
| 2019-12-31 | GBX1.52 | GBX254.90 | x |
| 2020-12-31 | GBX1.59 | GBX254.90 | x |
| 2021-12-31 | GBX1.74 | GBX254.90 | x |
| 2022-12-31 | GBX0.89 | GBX254.90 | x |
| 2023-12-31 | GBX0.77 | GBX254.90 | x |
| 2024-12-31 | GBX0.60 | GBX254.90 | x |
| 2025-12-31 | GBX0.38 | GBX254.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Legal & General Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 255.05x
- Recent ROE (21.81%) is above the historical average (19.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 38.98% | 0.00% | 0.00x | 47.83x | GBX105.79 Million |
| 1990 | 23.89% | 0.00% | 0.00x | 57.00x | GBX39.89 Million |
| 1991 | 18.00% | 0.00% | 0.00x | 80.61x | GBX19.25 Million |
| 1992 | 34.21% | 0.00% | 0.00x | 86.41x | GBX63.48 Million |
| 1993 | 45.93% | 0.00% | 0.00x | 93.83x | GBX116.40 Million |
| 1994 | 33.43% | 0.00% | 0.00x | 94.38x | GBX77.80 Million |
| 1995 | 45.82% | 0.00% | 0.00x | 89.33x | GBX152.60 Million |
| 1996 | 86.81% | 0.00% | 0.00x | 22.12x | GBX1.59 Billion |
| 1997 | 20.18% | 0.00% | 0.00x | 24.23x | GBX248.20 Million |
| 1998 | 15.07% | 0.00% | 0.00x | 29.11x | GBX137.00 Million |
| 1999 | 19.03% | 0.00% | 0.00x | 33.13x | GBX278.50 Million |
| 2000 | 9.95% | 1.84% | 0.16x | 33.94x | GBX-1.70 Million |
| 2001 | -5.01% | -3600.00% | 0.00x | 37.63x | GBX-431.70 Million |
| 2002 | -5.65% | -4500.00% | 0.00x | 33.51x | GBX-498.40 Million |
| 2003 | 12.44% | 553.42% | 0.00x | 38.46x | GBX79.20 Million |
| 2004 | 12.60% | 2.69% | 0.11x | 41.80x | GBX95.50 Million |
| 2005 | 20.30% | 3.05% | 0.16x | 41.25x | GBX478.90 Million |
| 2006 | 28.83% | 7.46% | 0.10x | 40.16x | GBX1.02 Billion |
| 2007 | 13.29% | 3.98% | 0.06x | 51.65x | GBX179.40 Million |
| 2008 | -29.74% | 0.00% | -0.12x | 71.55x | GBX-1.43 Billion |
| 2009 | 20.57% | 1.97% | 0.15x | 70.79x | GBX443.40 Million |
| 2010 | 16.99% | 2.13% | 0.12x | 67.10x | GBX337.30 Million |
| 2011 | 14.32% | 8.25% | 0.03x | 64.62x | GBX218.40 Million |
| 2012 | 14.89% | 8.66% | 0.03x | 63.65x | GBX265.90 Million |
| 2013 | 15.83% | 9.46% | 0.03x | 64.37x | GBX328.80 Million |
| 2014 | 16.34% | 10.78% | 0.02x | 66.28x | GBX382.20 Million |
| 2015 | 16.79% | 11.72% | 0.02x | 61.96x | GBX434.60 Million |
| 2016 | 18.11% | 13.54% | 0.02x | 67.37x | GBX563.50 Million |
| 2017 | 25.16% | 19.21% | 0.02x | 67.10x | GBX1.14 Billion |
| 2018 | 21.29% | 18.09% | 0.02x | 57.40x | GBX969.00 Million |
| 2019 | 20.29% | 17.26% | 0.02x | 61.38x | GBX930.20 Million |
| 2020 | 16.07% | 17.31% | 0.02x | 56.38x | GBX607.30 Million |
| 2021 | 18.67% | 22.08% | 0.02x | 52.40x | GBX951.90 Million |
| 2022 | 14.08% | 7.68% | 0.02x | 91.03x | GBX226.80 Million |
| 2023 | 9.47% | 4.13% | 0.02x | 108.18x | GBX-25.60 Million |
| 2024 | 5.38% | 1.47% | 0.02x | 153.37x | GBX-163.80 Million |
| 2025 | 21.81% | 0.91% | 0.09x | 255.05x | GBX269.70 Million |
Industry Comparison
This section compares Legal & General Group PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $745,852,800
- Average return on equity (ROE) among peers: 2.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Legal & General Group PLC (LGEN) | GBX2.31 Billion | 38.98% | 250.85x | $173.88 Million |
| 3I Infrastructure PLC (3IN) | $1.20 Billion | 4.98% | 0.15x | $42.14 Million |
| Albion Enterprise VCT PLC (AAEV) | $61.87 Million | 11.55% | 0.03x | $3.29 Million |
| abrdn Asian Income Fund Limited (AAIF) | $431.87 Million | 14.17% | 0.08x | $5.17 Million |
| Abrdn Asia Focus PLC (AAS) | $98.67 Million | 9.82% | 0.09x | $7.49 Million |
| Albion Technology & General VCT PLC (AATG) | $64.83 Million | 5.63% | 0.01x | $3.22 Million |
| Abrdn PLC (ABDN) | $4.56 Billion | 10.22% | 39.48x | $45.21 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $426.87 Million | 6.29% | 0.20x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $69.67 Million | -2.91% | 0.02x | $261.59K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $79.35 Million |
| Artemis UK Future Leaders plc (AFL) | $174.91 Million | -21.80% | 0.02x | $415.29 |
About Legal & General Group PLC
Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates through Institutional Retirement, Asset Management, Insurance, and Retail Retirement segments. The Institutional Retirement segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products; and writes assure… Read more