IFRS 17 adoption already impacting L&G operating profit: Berenberg
Reinsurance News - Dec 01, 2022
A new note from analysts Berenberg says that next year’s adoption of IFRS 17 has led to Legal & General announcing a 20-25% reduction in its operating profit. The firm said that the incoming standard had led to a ‘dominance of annuities’ in Legal & General’s business model, becoming a key fa...
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