All four of insurance leviathan Legal and General's operating business divisions delivered increased sales, cash generation and profits in 2011.
Although operating profit in 2011 rose to £1,056m from £1,002m the year before, profit before tax eased to £956m from £1,092m in 2010, below market expectations of £976m. The decline in pre-tax profit was due to the absence this time round of asset related investment variances, which contributed £185m to profits in 2010.
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‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
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