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Housing Today
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L&G’s affordable housing business reports £26m profit
Insurance giant hails ‘bounce back’ across its raft of housebuilding activities
The affordable housing business of insurance giant L&G made an operating profit of £26.4m in 2021 after increasing the number of homes it owns and operates to nearly 1,700.
The figures, contained in the detail of the 2021 calendar year annual results for the L&G Group, said L&G Affordable Homes (LGAH), set up in 2018, now has a pipeline of more than 7,000 homes, with an asset value of more than £1.2bn.
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