On Tuesday Legal & General PLC reported its full year results for 2015 which it said the company had “delivered excellent growth in cash, profits and dividends” in the year.

Highlights from the statement included net cash increasing by 14% to £1,256m compared to £1,104m in 2014. Operating profit also rose by 14% to £1,455m in comparison to £1,275m the prior year. Adjusted earnings per share rose by 11% to 18.58p compared to 16.70p in 2014.

Nigel Wilson, Group Chief Executive, said:

“Legal & General delivered excellent growth in cash, profits and dividends in 2015.

We have a robust business model which has proved to be adept and resilient in dealing with fiscal and regulatory changes in our sector. We are planning for more global economic and market volatility and are well positioned for continued pressure on pricing and changes in product mix in our industry.”

Our strategy is aligned to growth for our markets, meeting our customers’ needs and delivering socially useful products. We remain confident in the outlook for our business.”

Legal & General noted that it expects global demand for de-risking strategies to continue to be robust. They said as corporate attempt to reduce their exposure to legacy pension liabilities the Pension Risk Transfer (PRT) market is seeing continous growth with the market estimated at $9 trillion worldwide.

In the coming year Legal & General said it anticipates an increase in operation cash generation in the range of 6-7%. Following the results the company recommended a full year dividend of 13.40p per share, up from 11.25p in 2014.