M&G beats profit forecasts on strong inflows despite Iran war volatility

British insurer and money manager M&G beat half-year profit expectations on Thursday, forecasting low double-digit annual profit growth driven by strong client inflows into equities and European credit. Adjusted operating profit before tax rose 15% to £435 million for the six months ended June 30, exceeding the consensus estimate of £429 million, with net inflows from open business increasing to £2.4 billion from £2.1 billion a year earlier. The results eased investor concerns about client retention amid market volatility from the prolonged Iran war, and M&G reported £1.0 billion in external client inflows for July, reiterating its profit targets through 2027.