M&G maintains momentum through third quarter

(Sharecast News) - M&G reported continued business momentum in the third quarter of 2025 on Wednesday, with total assets under management and administration rising 3% to £365bn and strong inflows across both Asset Management and Life operations. The FTSE 100 group recorded £1.8bn in net inflows from open business in the three months to 30 September, bringing year-to-date inflows to £3.9bn.

Asset management saw £1.5bn of net inflows from external clients, supported by broad demand across asset classes and regions, while PruFund generated £200m of new money following improved sales momentum.

"After a strong first half, we have maintained positive momentum, continuing to deliver against our growth priorities," said group chief executive Andrea Rossi.

"Group AUMA increased 3% in the quarter to £365bn, supported by £1.8bn of net inflows from open business across Asset Management and Life, reflecting the strength of our business model and investment capabilities."

Rossi added thatthe company's asset management performance was "particularly pleasing" as it delivered £1.5bn of net inflows from external clients, with "good client demand" across asset classes and geographies.

"Despite a volatile macroeconomic environment, we are seeing growing momentum across M&G, as we continue to execute on our strategy and deliver strong long-term value to both clients and shareholders."

Asset management AUMA stood at £335bn at the end of the quarter, including £176bn from external clients, up 3% on the previous period and 6% year-to-date.

Net inflows were driven by both institutional and wholesale franchises, which delivered £800m and £700m respectively in the quarter.

The company said demand remained strong in European public equities and in private and structured credit, and that further inflows were expected as new business flows begin through its partnership with Japan's Dai-ichi Life.

Life AUMA rose 2% in the quarter to £188bn.

PruFund, which now manages £68bn, returned to net inflows of £200m after outflows in the first half, while bulk purchase annuity new business volumes improved to £300m from £200m in the previous half-year.

M&G said it remained on track to launch its With-Profits BPA offering in the first quarter of 2026.

At 1009 GMT, shares in M&G were up 0.14% at 270.75p.

Reporting by Josh White for Sharecast.com.