M&G plc (MNG) Q2 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.746 Good morning and welcome to M&G PLC's Half-Year Financial Results. 00:00:05.746 -- 00:00:11.040 I will now transfer you over to Luca Gagliardi, Director of Investor 00:00:11.040 -- 00:00:13.742 Relations, to begin. 00:00:14.206 -- 00:00:19.011 Good morning, everyone, and welcome to M&G's 2024 Half Year Results. 00:00:19.011 -- 00:00:24.016 Thanks for those joining through the webcast and those in person here in 00:00:24.016 -- 00:00:29.061 the room. Today, we're going to go through a brief presentation with Andrea 00:00:29.061 -- 00:00:32.464 Rossi, our CEO, and Catherine McLeland, our CFO. 00:00:32.464 -- 00:00:35.907 And after that, we'll wrap up with a question from the room. 00:00:35.907 -- 00:00:39.010 And obviously, those online can also submit their questions. 00:00:39.010 -- 00:00:43.533 So without further ado, over to Andrea. Thank you very much. 00:00:49.019 -- 00:00:54.669 Good morning and welcome to MNG's half-year results. 00:00:54.669 -- 00:01:00.260 I am very happy to be here with you today to share the progress we have achieved so far 00:01:00.260 -- 00:01:01.822 in 2024 00:01:01.822 -- 00:01:06.912 as we continue to deliver on our strategic priorities and to lay the foundations 00:01:06.912 -- 00:01:10.274 for sustainable business growth. 00:01:10.585 -- 00:01:15.614 Over the last six months, we have taken meaningful steps forward, both from an 00:01:15.614 -- 00:01:21.000 operational perspective and towards all our financial targets. 00:01:21.725 -- 00:01:26.935 Despite a high rate environment, which subdued new business sales, we delivered 00:01:26.935 -- 00:01:32.205 a good performance with both operating profit and capital generation, nearly 00:01:32.205 -- 00:01:36.108 matching last year's record results. 00:0...