- Legal & General is a leading international insurer, pensions, and financial services provider with a very resilient and highly profitable, self-reinforcing business model.
- Its main growth driver is the robust demand for the company’s pension risk transfer program and its annuities portfolio.
- Legal & General continues to benefit from several tailwinds, including an aging population, continued demand for government-mandated green housing and infrastructure projects, and the ongoing globalization of asset markets.
- The stock has been treading water for several years, but I would argue that with a yield of 6.3%, it is a compelling choice for income-oriented investors who do not require significant capital appreciation.
For further details see:
Legal & General: Your Potential One-Stop-Shop To An Income-Rich Retirement