M&G's adjusted profit rose 15 percent while a £248m statutory profit became a £165m loss
M&G reported adjusted operating profit before tax of £435m for the first half, up 15 percent from £378m a year earlier.
The statutory result went the other way.
The investment manager recorded a £165m IFRS loss after tax, against a £248m profit last year. It says £551m of adverse short-term investment fluctuations affected the result, including £325m before tax related to proposed changes to ground-rent legislation.
Assets under management and administration rose to £387bn from £355bn. Open-business net inflows increased to £2.4bn from £2.1bn, including £2.2bn from external Asset Management clients.
Operating capital generation fell to £372m from £408m. The shareholder Solvency II ratio rose to 247 percent, and the interim dividend increased to 6.8 pence a share.
The document: M&G plc, Half Year 2026 results, September 3, 2026.