L&G`s solvency ratio, a key measure of capital strength, rose from 187 percent at end-December 2021 to 215 percent as of June 30, the life insurer said in a stock market update. L&G shares are down more than 20% this year. In a recent note, Jefferies analysts highlighted investor concerns about credit risk in the insurer`s bond portfolio. Founded in 1836, Legal & General is one of the UK`s leading financial services groups and a major global investor with over £1.4 trillion in assets under management*, a third of which is international. We also offer powerful asset creation capabilities. Together, they underpin our industry-leading pension and security solutions: we are a leading international player in pension transfer, life insurance in the UK and the US, and occupational pensions and retirement income in the UK. Through inclusive capitalism, we want to build a better society by investing in long-term assets that benefit everyone. Legal & General Investment Management, one of the largest investors on the UK Stock Exchange, recorded net external inflows of £50 billion ($59.72 billion) in the first half of the year, up from £26 billion in the same period last year. “Our year-to-date operating performance is in line with expectations, with cash and capital generation slightly above our five-year target and return on equity (ROE) close to 20%,” said Chief Executive Officer Nigel Wilson. LONDON, July 7 (Reuters) – British insurer Legal & General (LGEN. L) expects double-digit growth in cash and capital generation in the first half of the year and its operating performance is on track, it said on Thursday.