M&G plc posts record first-half profit of £435 million

M&G plc reported record first-half operating profits of GBP 435 million, a 15% year-on-year increase, driven by its shift toward capital-light earnings, which now comprise 80% of the total. Group net inflows from open business reached GBP 2.4 billion despite market volatility, with capital generation of GBP 392 million. The company also announced an interim dividend of 6.8p per share and maintained a strong Solvency II ratio of 247%. International client growth accelerated by over 40% in three years, lifting external assets to GBP 189 billion. The cost-to-income ratio improved to 73%, and its new BPA Plus product generated GBP 1.7 billion in deals during 2026.