Legal & General Group PLC (LGEN:LN)

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Business Description and Key Statistics

Legal & General Group is a holding company. Through its Current YTY % Chg subsidiaries, Co. operates as an asset manager and a provider of individual life insurance products. Co.'s segments consist of: Legal Revenue LFY (M) 50,231 -24.8 & General Retirement, which include annuity contracts, longevity EPS Diluted LFY 0.26 -16.7 insurance contracts, lifetime mortgages, and Lifetime Care Plan; Legal & General Investment Management, which include index Market Value (M) 16,675 fund management, active strategies, solutions and liability driven investment, multi-asset funds, real assets, and workplace savings; Shares Outstanding LFY (000) 5,932,052 Legal & General Capital, which include investment strategy and Book Value Per Share 1.69 implementation and direct investments and structuring; Legal & General Insurance; and General Insurance. EBITDA Margin % Net Margin % 3.1 Website: www.legalandgeneralgroup.com Long-Term Debt / Capital % ICB Industry: Financials Dividends and Yield TTM 0.13 - 6.25% ICB Subsector: Life Insurance Payout Ratio TTM % 68.6 Address: One Coleman Street London 60-Day Average Volume (000) 12,670 GBR 52-Week High & Low 296.40 - 182.35 Employees: 10,046 Price / 52-Week High & Low 0.95 - 1.54

Price, Moving Averages & Volume

302.1 302.1 Legal & General Group PLC is currently trading at 281.10 which is 3.1% above its 50 day 286.4 286.4 moving average price of 272.78 and 3.4% above its 270.7 270.7 200 day moving average price of 271.96.

255.1 255.1 LGEN:LN is currently 5.2% below its 52-week high price of 296.40 and is 54.2% above its 239.4 239.4 52-week low price of 182.35. Over the past 52-weeks, 223.7 223.7 LGEN:LN is up 49.2% while on a calendar year-to-date basis it is up 5.6%. 208.0 208.0 The Relative Strength Index (RSI) indicator for LGEN:LN is 192.3 192.3 currently 54.95. An RSI value of 70 and above is considered 176.6 176.6 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 60,429 60,429

45,749 45,749

31,069 31,069

16,389 Mean (14849.32) 16,389

1,710 1,710 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 0.14 0.48 50-Day Average Price 272.78 1-Week % -0.81 -0.28 Price / 50-Day Average 1.03 4-Week % 1.63 3.29 200-Day Average Price 271.96 52-Week % 49.24 26.35 Price / 200-Day Average 1.03 RSI - Relative Strength Index 54.95 Quarter-to-Date % 9.12 8.03

Year-to-Date % 5.60 -4.57 Risk Metrics Last Month % 4.03 5.23 Price Volatility 3.92 Last Quarter % 9.12 8.03 Sharpe Ratio 0.08 Last Calendar Year % -12.15 0.84 Sortino Ratio 0.14

5-Year Price Performance vs. FTSE 350

Legal & General Group PLC Current: 1.27 CAGR: 4.9% Over the past five years, Legal FTSE 350 Index Current: 1.21 CAGR: 3.9% & General Group PLC's stock price is up 27.0% which is 1.5 1.5 6.0% above the FTSE 350 Index performance of 21.0% over the same period. Legal & 1.4 1.4 General Group PLC's cumulative annualized growth 1.3 1.3 rate (CAGR) over the five year period has been 4.9% while that of the FTSE 350 Index 1.3 LGEN:LN 1.3 has been 3.9%.

^NMX:LN Over the past year, Legal & 1.2 1.2 General Group PLC's stock price performance of 49.2% 1.1 1.1 has outperformed that of the FTSE 350 Index by 26.4%. On a year-to-date basis, Legal 1.1 1.1 & General Group PLC's stock price performance of 5.6% has 1.0 1.0 outperformed the FTSE 350 Index by 4.6%.

0.9 0.9 Over the past week, Legal & General Group PLC's stock price performance of -0.8% 0.9 0.9 has underperformed that of the FTSE 350 Index by 0.3%. 0.8 0.8

0.7 0.7

0.7 0.7 2017 2018 2019 2020 2021 2022

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 7.4 31.7 2.7 Gross Margin % Revenues Per Share % 6.9 31.3 2.4 EBITDA Margin % EBITDA % Pre-Tax Margin % 3.0 15.2 9.2 EPS Diluted % -6.9 7.3 6.3 Net Margin % 3.1 13.2 7.7 Free Cash Flow % 66.1 31.0 17.8 Return on Equity % 15.9 21.6 18.8 Cash from Operations % -0.8 999.9 4.7 Return on Capital % 10.3 13.7 11.8 Book Value % 8.4 9.3 7.4 Return on Assets % 0.3 0.3 0.3

Revenue (M) Legal & General Group PLC's cumulative annualized revenue Current: 50231.00 Median: 50231.00 High: 77969.00 Low: 1264.00 CAGR: -10.4% growth rate over the charted 93,310.0 93,310.0 77,969.0 period is -10.4%. This 66,786.0 compares to cumulatative 62,206.7 50,231.0 62,206.7 annualized growth of 7.4% 40,491.0 over the past 3 years. 31,103.3 31,103.3

1,264.0 0.0 0.0 2017 2018 2019 2020 2021 Legal & General Group PLC's EPS Diluted cumulative annualized EPS Current: 0.26 Median: 0.31 High: 0.32 Low: 0.21 CAGR: 5.5% growth rate over the charted 0.34 0.34 period is 5.5%. This compares 0.32 0.31 0.31 to cumulatative annualized 0.30 0.30 growth of -6.9% over the past 3 years. 0.26 0.25 0.25 0.21 0.20 0.20 2016 2017 2018 2019 2020 2021

Net Profit Margin % Legal & General Group PLC's net profit margin of 3.1% is Current: 3.08 Median: 3.47 High: 144.49 Low: 1.61 CAGR: 17.6% 10.1% below the period's 151.6 151.6 mean net margin of 13.2%. During the charted period, the 99.2 99.2 observed net profit margin high and low were 144.5% and 46.9 46.9 1.6% respectively. Mean (13.20) -5.5 -5.5 2016 2017 2018 2019 2020 2021 Legal & General Group PLC's Return on Equity % return on equity of 15.9% is Current: 15.90 Median: 21.70 High: 26.30 Low: 15.90 CAGR: -4.6% 5.7% below the period's mean 26.8 26.8 return on equity of 21.6%. During the charted period, the 23.0 23.0 observed ROE high and low Mean (21.56) were 26.3% and 15.9% respectively. 19.2 19.2

15.4 15.4 2016 2017 2018 2019 2020 2021

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 11.0 9.0 10.5 Earnings Yield % 9.00 11.25 9.54

Price / Sales 0.3 0.3 0.3 Free Cash Flow Yield % 35.18 37.63 32.27

Price / Operating Cash Flow Dividend Yield % 6.25 5.99 5.48

Price / Book Value 1.7 1.9 2.0 Enterprise Value / EBITDA

Price / EPS TTM Legal & General Group PLC is trading at 10.98 times its EPS Current: 10.98 Median: 9.04 High: 12.16 Low: 5.11 CAGR: 0.2% generated during the latest 12.5 12.5 fiscal year. This multiple is above the historically observed 9.9 9.9 median of 9.04, while high and Median (9.04) low observations have been 12.16 and 5.11. 7.3 7.3

4.8 4.8 2016 2017 2018 2019 2020 2021 Price / Sales Legal & General Group PLC is trading at a Price to Sales ratio Current: 0.34 Median: 0.32 High: 13.40 Low: 0.14 CAGR: 10.2% of 0.34 based on sales 14.06 14.06 generated during the latest fiscal year. This ratio is above 9.20 9.20 the historically observed median ratio of 0.32, while high and low observations 4.34 4.34 have been 13.40 and 0.14.

Median (0.32) -0.52 -0.52 2016 2017 2018 2019 2020 2021 Legal & General Group PLC is Price / Book Value trading at a Price to Book ratio Current: 1.67 Median: 1.90 High: 2.33 Low: 0.99 CAGR: -4.0% of 1.67 based on book value at 2.4 2.4 the latest fiscal year end. This ratio is below the historically observed median of 1.90, 1.9 Median (1.90) 1.9 while high and low observations have been 2.33 1.4 1.4 and 0.99.

0.9 0.9 2016 2017 2018 2019 2020 2021 Legal & General Group PLC Free Cash Flow Yield % has a Free Cash Flow Yield of Current: 35.18 Median: 37.63 High: 62.97 Low: 28.51 CAGR: 2.0% 35.18% based on free cash 64.7 64.7 flow generated during the latest fiscal year. This value is below the historically observed 52.1 52.1 median yield of 37.63%, while high and low observations 39.4 Median (37.63) 39.4 have been 62.97 and 28.51.

26.8 26.8 2016 2017 2018 2019 2020 2021

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Dividends Data

Dividends Per Share TTM 0.13 Payout Ratio TTM % 68.63% Dividend Yield TTM % 6.25%

Rate Ex Date Record Date Payment Date Currency Note 0.126 15-04-2021 16-04-2021 27-05-2021 GBP FINAL GROSS 0.049 13-08-2020 14-08-2020 24-09-2020 GBP INTERIM GROSS 0.126 23-04-2020 24-04-2020 04-06-2020 GBP FINAL GROSS 0.049 15-08-2019 16-08-2019 26-09-2019 GBP INTERIM GROSS 0.118 25-04-2019 26-04-2019 06-06-2019 GBP FINAL GROSS 0.046 16-08-2018 17-08-2018 27-09-2018 GBP INTERIM GROSS 0.111 26-04-2018 27-04-2018 07-06-2018 GBP FINAL GROSS 0.043 17-08-2017 18-08-2017 21-09-2017 GBP INTERIM GROSS 0.104 27-04-2017 28-04-2017 08-06-2017 GBP FINAL GROSS 0.040 18-08-2016 19-08-2016 22-09-2016 GBP INTERIM GROSS 0.100 28-04-2016 29-04-2016 09-06-2016 GBP FINAL GROSS

Dividend Growth and Yield

Dividends Per Share TTM Legal & General Group PLC's trailing 12-month dividend per Current: 0.13 Median: 0.16 High: 0.18 Low: 0.13 CAGR: -1.5% share is 0.13 and its dividend 0.182 0.182 has grown at a cumulative annualized rate of -1.5% over 0.173 0.173 the charted period. This compares to dividend growth 0.164 0.164 of -28.10% over the past year and cumulative annualized growth of -6.90% over the past 0.155 0.155 3 years.

0.146 0.146

0.137 0.137

0.128 0.128 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Legal & General Group PLC's current dividend yield is 6.25% Current: 6.25 Median: 5.99 High: 10.67 Low: 5.17 CAGR: -0.2% based on trailing 12 month 10.95 10.95 dividends. The current yield is above the historically observed 9.94 9.94 median of 5.99% and, over the charted time period, the 8.93 8.93 observed high yield has been 10.67% and the observed low yield has been 5.17%. 7.92 7.92

6.91 6.91

5.90 5.90

4.90 4.90 2016 2017 2018 2019 2020 2021

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -15.4 -0.6 14.2 29.0 43.9 -51.2 -36.1 -21.1 -6.0 9.1

Cathay Financial Holding Co 41.2 Hansard Global Plc (Douglas) 6.3

Old Mutual Ltd 36.1 Chesnara Plc (Whitham) -5.7 Just Group PLC 29.4 Phoenix Group Holdings PLC -6.5 Hansard Global Plc (Douglas) 23.3 Prudential Plc -7.0 Aviva Plc 21.7 Just Group PLC -11.5 Peer Group Average 17.0 Legal & General Group PLC -12.1 Prudential Plc 8.0 Peer Group Average -12.8 Legal & General Group PLC 5.6

Chesnara Plc (Whitham) -4.5 Aviva Plc -22.3

Phoenix Group Holdings PLC -7.8 Old Mutual Ltd -43.4

-15.4 -0.6 14.2 29.0 43.9 -51.2 -36.1 -21.1 -6.0 9.1

Price / EPS TTM Price / Book Value 0.0 19.7 39.4 59.1 78.8 0.0 0.8 1.5 2.3 3.0

Phoenix Group Holdings PLC 75.1 Hansard Global Plc (Douglas) 2.9

Hansard Global Plc (Douglas) 17.2 Prudential Plc 1.8

Peer Group Average 15.3 Legal & General Group PLC 1.7

Swiss Life Holding AG 13.0 Peer Group Average 1.2

Legal & General Group PLC 11.0 Swiss Life Holding AG 0.9

Old Mutual Ltd 6.8 Chesnara Plc (Whitham) 0.9

Aviva Plc 5.7 Phoenix Group Holdings PLC 0.9

Chesnara Plc (Whitham) 5.4 Old Mutual Ltd 0.9

Just Group PLC 3.2 Aviva Plc 0.8

Prudential Plc 0.2 Just Group PLC 0.4

0.0 19.7 39.4 59.1 78.8 0.0 0.8 1.5 2.3 3.0

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -71.0 -15.6 39.9 95.3 150.8 -21.5 -5.3 11.0 27.2 43.5

Prudential Plc 140.7 Phoenix Group Holdings PLC 40.5

Aviva Plc 25.6 Legal & General Group PLC 31.7 23.2 Chesnara Plc (Whitham) 18.9 Cathay Financial Holding Co Just Group PLC 21.7 Peer Group Average 17.7 Chesnara Plc (Whitham) 19.7 Just Group PLC 11.6 China Pacific Insurance (Group) Co., Ltd. 17.9 China Pacific Insurance (Group) Co., Ltd. 11.0 Peer Group Average 16.6 Swiss Life Holding AG 8.6 Aviva Plc 14.4 7.3 Legal & General Group PLC Prudential Plc 6.3 Hansard Global Plc (Douglas) -21.7 Swiss Life Holding AG 3.5 Phoenix Group Holdings PLC -42.6 Hansard Global Plc (Douglas) -13.2

-71.0 -15.6 39.9 95.3 150.8 -21.5 -5.3 11.0 27.2 43.5

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Financials/Life Insurance Price: 281.10 GBX Report Date: September 30, 2021

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