March 5 (Bloomberg) -- Legal & General Group Plc said it’stargeting the U.S. for expansion after the U.K.’s biggest managerof pension assets posted higher earnings and an increaseddividend.
The London-based insurer increased its full-year operatingprofit 7 percent to 1.16 billion pounds ($1.9 billion) in 2013 andraised its final dividend 22 percent to 9.30 pence a share,according to a statement today. Its investment unit attractedrecord net inflows of 15.7 billion pounds from internationalclients, with assets jumping 37 percent.
“We would like to be bigger in America,” Chief Executive OfficerNigel Wilson told journalists on a conference call. “We have beenvery measured in our expansion to date, so that’s an area of focus.They will likely be more bolt-ons. We are not trying to knock theball out of the park.”
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