Finance
Legal & General says CEO Simoes got $13.7 million in salary last year
Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
Legal & General's CEO Antonio Simoes earned $13.7M in 2024, his first year. The company plans $6.5B in investor returns, with shares rising 8% under his leadership.
(Reuters) - Legal & General Group's CEO Antonio Simoes earned 10.6 million pounds ($13.7 million) in 2024, his first year with the company, the life insurer and asset manager said in its annual report published on Wednesday.
Simoes took office on January 1, 2024, joining the London-listed firm from Banco Santander.
The CEO remuneration for 2024 included the buy-out of Simoes' forfeited Santander remuneration, the annual report showed.
Legal & General earlier this month said it will return about $6.5 billion to investors via buybacks and dividends over three years as it tries to cement its confidence in a revamp, after reporting about a 6% rise in 2024 operating profit at 1.62 billion pounds.
Legal & General shares have gained about 8% under the leadership of Simoes.
($1 = 0.7714 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala)
The article discusses Legal & General's CEO Antonio Simoes' $13.7 million salary in 2024 and the company's financial strategies.
Simoes' remuneration included a buy-out of his forfeited Santander remuneration.
Legal & General reported a 6% rise in operating profit and plans to return $6.5 billion to investors.
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