M&G plc (MGPFY) Q4 2025 Earnings Call Transcript

SA Transcripts159.03K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call M&G plc (MGPFY) Q4 2025 Earnings Call March 12, 2026 6:00 AM EDT Company Participants Luca Gagliardi - Director of Investor RelationsPaolo Rossi - Group CEO & Executive DirectorKathryn McLeland - CFO & Executive DirectorJoseph Pinto - Chief Executive Officer of M&G Asset ManagementClive Bolton - Chief Executive Officer of M&G Life Insurance Conference Call Participants Larissa van Deventer - Barclays Bank PLC, Research DivisionMichael Huttner - Joh. Berenberg, Gossler & Co. KG, Research DivisionDominic O''mahony - BNP Paribas, Research DivisionThomas Bateman - Mediobanca - Banca di credito finanziario S.p.A., Research DivisionAndrew Crean - Bernstein Autonomous LLPAndrew Baker - Goldman Sachs Group, Inc., Research DivisionNasib Ahmed - UBS Investment Bank, Research DivisionAbid Hussain - Panmure Liberum Limited, Research Division Presentation Luca GagliardiDirector of Investor Relations Good morning, and welcome to M&G's Full Year 2025 Results. I'm Luca Gagliardi, Group Director of Strategy and Investor Relations. And if you don't know me, this is not my real voice. I've just chosen the right day to be sick but I'm going to keep a safe distance between me and all of you today. I'm joined today by Andrea Rossi and Kathryn McLeland, our CEO and CFO. As usual, we'll go through a short presentation, and then we'll open up for questions from the analysts. So with that, thank you very much, Andrea. Paolo RossiGroup CEO & Executive Director I hope my voice holds because I spent too much time with you. Good morning, and welcome to M&G's 2025 Full Year Results. It is a great pleasure to be here with you today. 12 months ago, we announced new targets and moved to a progressive dividend policy, underscoring our confidence in the outlook for the group. Over the course of last year, that confidence has been matched by solid progress against our strategy. Our investment for growth has paid