M&G plc (MNG) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

So it looks like we're going to start on time. We'll first connect the call, and then Alan, over to Andrea. perfect we are live so welcome to mng 2023 full year results we are i'm luca gallardi director of investor relations and we are here today with andrea rossi and catherine mcleland ceo and cfo of the business they're going to go through a short presentation and then we'll have time for q a from the south side analyst present in the room so without further ado andrea over to you Good morning and welcome to M&G's full year results. I am very happy to be here with you today to share the progress we have made over the course of 2023, my first full year as CEO. So much can happen in 12 months, and we have certainly achieved a lot here at M&G over that period. Last March, we laid out our three year ambition for the business. With a new leadership team in place, you will see we have made considerable progress on our three strategic priorities, financial strength, simplification, and growth. Today, we will take you through how much we have already achieved and what we are focusing on in 2024. As usual, I will start by covering the business strategy and Catherine will later expand on the financial results. And these, I'm proud to say, continue to evidence strong performance with meaningful year-on-year growth in both adjusted operating profit and operating capital generation. But first, let me take you through the business highlights. I talk a lot about the strength of our unique business model, and there are good reasons for that. It is balanced, diversified and synergistic, and it has delivered once again last year. In a volatile macro environment, our life operations supported the asset manager with stable capital and fees and gave wealth access to a truly differentia...