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UK savings and asset-management company providing life insurance, pensions and investment funds, spun off from Prudential in 2019.
UK savings and asset-management company providing life insurance, pensions and investment funds, spun off from Prudential in 2019.
Earns from two sources: the margin on investing premiums it collects on savings, annuity and with-profits policies (policies where returns are smoothed and shared with customers), and fees as a share of assets in its funds and platform. Demerged from Prudential in 2019. Japan's Dai-ichi Life became a significant shareholder with a distribution partnership in 2024.
In one line: A UK life-insurance/asset-manager combo, like Lincoln National plus an asset manager.
Moat: narrow (scale, distribution, brand). A large back-book of UK life/pension policies and an established fund range give scale, though flows face fee competition.
Headquarters: London, UK · Founded: 2019
Size M&G (MNG.L) is a United Kingdom Financials company (Financial Conglomerates) with a market value of $10.3B, the 54th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £320.10 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against +0.6% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 67.9% over the last twelve months (peer median +1.6%); the operating margin is 8.2% (peer median 41.2%).
Valuation It trades at 11.3× forward earnings against a peer median of 12.5× (8th cheapest of 16).
Credit M&G has 1 bond outstanding ($500M), rated BBB+ by the agencies.
Next results Next results expected around 9 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £25.0B | £21.7B | £14.5B | £15.2B | -£10.7B |
| Revenue growth | — | +50% | -5% | — | — |
| Net income | -£111M | £302M | -£360M | £297M | -£2.07B |
| Free cash flow | £565M | £612M | £200M | £1.03B | -£1.27B |
| Capital expenditure | £138M | £175M | £289M | £496M | £573M |
| Total debt | n/a | £6.91B | £6.91B | £8.03B | £7.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| M&G MNG.L | $10.3B | +7% | +68% | 8% | 11.3× | n/a |
| Legal & General LGEN.L | $21.9B | +24% | +137% | 2% | 13.1× | n/a |
| Aviva AV..L | $29.5B | +18% | +86% | 3% | 12.2× | n/a |
| Schroders SDR.L | n/a | +3% | n/a | n/a | n/a | n/a |
| Aberdeen ABDN.L | $5.36B | +2% | +2% | 37% | 14.3× | n/a |
| Standard Life SDLF.L | $12.5B | +25% | +135% | 1% | 14.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MNG.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | +3.6% | 7th highest of 21 |
| 6-month return | +6.8% | +0.6% | 6th highest of 20 |
| Distance from 52-week high | -12.8% | -12.9% | 11th highest of 21 |
| Revenue growth (TTM) | +67.9% | +1.6% | 5th highest of 21 |
| Operating margin | 8.2% | 41.2% | 4th lowest of 21 |
| Forward P/E | 11.3× | 12.5× | 8th cheapest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| M&G MNG.L | United Kingdom | $10.3B | +7% | +68% | 8% | 11.3× | n/a | n/a |
| SBI 8473.T | Japan | $11.2B | -13% | +20% | 40% | 5.9× | n/a | n/a |
| BitMine Immersion Technologies BMNR | United States | $11.3B | -15% | +1,022% | -485% | 25.9× | n/a | n/a |
| Aker AKER.OL | Norway | $8.60B | -7% | -17% | 226% | 14.3× | n/a | n/a |
| Washington H. Soul Pattinson and SOL.AX | Australia | $12.5B | +12% | +143% | -9% | 28.0× | n/a | n/a |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | India | $13.0B | +4% | -14% | 80% | n/a | n/a | n/a |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 61% | 9.9× | n/a | n/a |
| Investment AB Latour LATO-B.ST | Sweden | $14.2B | +19% | +3% | 15% | n/a | n/a | n/a |
| L E Lundbergforetagen LUND-B.ST | Sweden | $15.3B | +16% | -4% | 28% | n/a | n/a | n/a |
| Jio Financial Services JIOFIN.NS | India | $16.2B | -8% | +117% | 40% | 74.6× | n/a | n/a |
| Brookfield Business BBUC.TO | Canada | $6.15B | -9% | +106% | 13% | 5.4× | n/a | n/a |
| Julius Baer Gruppe BAER.SW | Switzerland | $17.1B | +2% | 0% | 30% | 11.3× | n/a | n/a |
| HAL Trust HAL.AS | Netherlands | $17.2B | +1% | -5% | 14% | 12.5× | n/a | n/a |
| Onex ONEX.TO | Canada | $5.91B | -7% | +2% | 173% | 22.3× | n/a | n/a |
| Azimut AZM.MI | Italy | $5.70B | -1% | +17% | 46% | 10.6× | n/a | n/a |
| Blue Owl Capital OBDC | United States | $5.39B | -4% | +1% | 54% | 8.2× | n/a | n/a |
| Main Street Capital MAIN | United States | $5.33B | +6% | +3% | 91% | 15.0× | n/a | n/a |
| Zegona Communications ZEG.L | United Kingdom | $5.17B | -5% | +55% | 8% | 46.4× | n/a | n/a |
| Authum Investment & Infrastucture AIIL.NS | India | $5.14B | +16% | -23% | 79% | n/a | n/a | n/a |
| China Resources New Energy 001248.SZ | China | $21.5B | n/a | 0% | 42% | n/a | n/a | n/a |
| Industrivarden INDU-A.ST | Sweden | $23.4B | +9% | -1% | 569% | 9.6× | n/a | n/a |
M&G has 1 bond outstanding with $500M face value. The agencies rate it BBB+.