MG Posts 1.8 Billion Pound Inflows
British insurer MG posted 1.8 billion pounds in third quarter net inflows driven by asset management growth and a surge in bulk annuity sales. Full year annuity sales are now expected to exceed 2.5 billion pounds.
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M&G PLC posted £1.8 billion ($2.43 billion) in net inflows from open business during the third quarter, driven by asset management and bulk annuity growth. The United Kingdom insurer's momentum builds on a strategic partnership with DAI-ICHI LIFE HOLDINGS INC under CEO Andrea Rossi. For investors, the results underscore steady capital accumulation despite slight contractions in total assets.
