M&G chief executive Andrea Rossi has hailed the group’s international expansion as a key factor in strong half-year figures.
The savings and investment company, which has significant operations in Edinburgh and Stirling, saw net inflows of £2.1 billion in the first half of 2025, a £3.2bn turnaround on the £1.1bn outflow in the first half of 2024.
Adjusted operating profit before tax came in almost flat at £378 million, from £375m in the previous year.
The total dividend per share increased to 6.7 pence from 6.6p in H1 2024.
Assets under management and administration (AUMA) reached £354.6 billion.
Mr Rossi said: “I am pleased with our progress over the first six months of the year. A key highlight is the positive £2.1bn net flows from open business, a £3.2bn improvement from the same period last year. This is a strong result underpinned by £2.6 billion net inflows from external clients in Asset Management.
“This growth has been supported by our market leading investment performance and continued international expansion. Today, 58% of our Asset Management third party AUMA comes from International clients, up from 37% five years ago.
“This cements our position as a leading international active asset manager, with an established footprint in Europe and growing access to attractive Asian markets.”
He noted that in May the group announced a long-term strategic partnership with Dai-ichi Life, becoming its preferred asset manager for Europe.
“We expect this collaboration to generate at least $6 billion of new business flows over the next five years, and to further support our international growth ambitions,” he said.
A focus on efficiency has seen the cost-to-income ratio in asset management fall from 77% to 75%.
The group saidit is well positioned to navigate the current uncertain economic and geopolitical environment.
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