M&G PLC (LSE:MNG)
£ 2.017 0.004 (0.2%) Market Cap: 4.80 Bil Enterprise Value: 7.69 Bil PE Ratio: 16.27 PB Ratio: 1.18 GF Score: 39/100
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Half Year 2022 M&G PLC Earnings Call Transcript

Aug 11, 2022 / 06:00AM GMT
Release Date Price: £2.22 (+2.07%)
John William Foley
M&G plc - Group CEO & Executive Director

Good morning. Welcome to M&G plc's Half Year Results.

Over the past 6 months, we have successfully built on the positive momentum achieved in 2021. Despite the current macro uncertainties, the team has worked hard to strengthen our business and, as One M&G, we have achieved a number of important operational and financial milestones. We have leveraged our deep investment expertise to deliver strong investment performance to all our clients across Institutional, Wholesale and PruFund.

A superior investment performance helped us to achieve net positive flows in Asset Management and increase sales in the Wealth franchise. We have improved net flows by GBP 3.2 billion year-on-year at a time of heightened volatility and uncertainty when many investors have reduced their exposure to markets.

We are confident that the improvements in Asset Management and M&G Wealth are sustainable, and that we can make further progress on PruFund sales now that the proposition is live on the Ascentric platform and in

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