U.K. insurer Legal & General said Wednesday that it swung to a net loss of 1.13 billion pounds ($1.66 billion) in 2008, mainly due to losses on its investments, as it also reported a decline in surplus capital and cut its dividend in half.
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Wed, 03/25/2009 - 5:00am
U.K. insurer Legal & General said Wednesday that it swung to a net loss of 1.13 billion pounds ($1.66 billion) in 2008, mainly due to losses on its investments, as it also reported a decline in surplus capital and cut its dividend in half.