M&G plc (OTCPK:MGPUF) Q4 2024 Earnings Call March 19, 2025 5:30 AM ET
Company Participants
Luca Gagliardi – Investor Relations
Paolo Rossi – Chief Executive Officer
Kathryn McLeland – Chief Financial Officer
Clive Bolton – Chief Executive Officer, M&G Life Insurance
Joseph Pinto – Chief Executive Officer, M&G Asset Management
Conference Call Participants
Nasib Ahmed – UBS
Farooq Hanif – JPMorgan
Abid Hussain – Panmure Liberum
Thomas Bateman – Mediobanca
Andrew Baker – Goldman Sachs
Dom O’Mahony – BNP Paribas Exane
Andy Sinclair – Bank of America
Andrew Crean – Autonomous
Larissa Van Deventer – Barclays Capital
Luca Gagliardi
Good morning, everyone, and welcome to M&G’s 2024 Full Year Results Presentation. Today, as usual, we’ll have Andrea and Kathryn going through the results, but they will also be joined by Clive Bolton and Joseph Pinto, the CEO of our Life and Asset Management businesses, respectively. So it’s going to be slightly longer than usual, but don’t worry. We’ll keep it still short and crisp to about 45 minutes, 50 minutes. And then after that, we’ll move on to Q&A. So without further ado, Andrea?
Paolo Rossi
Thank you. Good morning, and welcome to M&G’s full year results. It is a pleasure to be here with you. Today, I am joined by Kathryn, who will cover our strong financial performance; and by Joseph Pinto and Clive Bolton, who run our Asset Management and Life segments, respectively. They will share more color on the progress being made and explain the contribution of our business to the growth ambition for M&G and how we are collectively delivering for our clients. But first, let me start with a review of our main achievements. In 2024, we delivered meaningful progress across our three strategic priorities. First, on financial strength, by generating over £900 million of capital, we beat our upgraded OCG target. This allowed us to reduce debt and to increase the dividend cash spend
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