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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 read

· Last updated: March 19, 2025

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Legal & General CEO Simoes Earned $13.7 Million in 2024

(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)

Key Takeaways

  • Antonio Simoes earned $13.7 million in 2024.
  • Simoes joined Legal & General from Banco Santander.
  • CEO remuneration included a buy-out from Santander.
  • Legal & General plans $6.5 billion in investor returns.
  • Company shares rose 8% under Simoes' leadership.

Frequently Asked Questions

What is the main topic?
The article discusses Legal & General's CEO Antonio Simoes' $13.7 million salary in 2024 and the company's financial strategies.
What was included in Simoes' remuneration?
Simoes' remuneration included a buy-out of his forfeited Santander remuneration.
How did Legal & General perform financially?
Legal & General reported a 6% rise in operating profit and plans to return $6.5 billion to investors.

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