M&G FY26 H1 adjusted operating profit rises 15% to GBP 435 million; IFRS loss after tax swings to GBP 165 million

• M&G posted adjusted operating profit before tax up 15% to GBP 435 million, while IFRS swung to a GBP 165 million loss.
• Net inflows from open business rose to GBP 2.4 billion, driven by GBP 2.2 billion of external Asset Management inflows.
• Assets under management and administration climbed to GBP 387 billion, while the shareholder Solvency II coverage ratio improved 5 percentage points to 247%.
• Life launched its With-Profits BPA Plus proposition, delivering GBP 0.6 billion of inflows; gross BPA flows reached GBP 1.7 billion by end-August.
• Andrea Rossi said results delivered record first-half adjusted operating profit, with capital-light earnings now accounting for 80% of that total.

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