UK insurer L&G says 2007 profit drops 26%
UK insurer Legal & said on Tuesday its 2007 profit fell 26%, missing analysts' expectations, hit by a Ł269 million ($539 million) charge to adjust for longer UK life expectancies.
Britain's third-largest insurer recommended a full-year dividend of 5.97 pence, up 7.6% on the year earlier. (Reuters)
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