M&G Demonstrates Strong Inflows, Maintaining Positive Momentum in Q3 2025

M&G plc reported a robust Q3 2025 trading update, highlighted by £1.5 billion in net inflows in Asset Management from external clients. This performance, coupled with £0.2 billion net inflows in PruFund and £0.3 billion in Bulk Purchase Annuities (BPA) transactions, signals continued positive momentum for the financial services group.

Assets Under Management and Administration (AUMA) as of September 30, 2025, reached £365 billion, a notable increase from £355 billion at the end of the first half of 2025.

Net flows from open business totaled £1.8 billion for the quarter, bringing the year-to-date figure to £3.9 billion. This growth underscores the strength of M&G's business model and investment capabilities.

The Asset Management division was a key driver, with AUMA reaching £335 billion, including £176 billion from external clients. The Q3 net inflows from external clients amounted to £1.5 billion, contributing to a year-to-date total of £4.1 billion, equating to an annualized rate exceeding 3% of opening external assets.

Both the Institutional and Wholesale franchises experienced net inflows, delivering £0.8 billion and £0.7 billion respectively in Q3.

Client demand spanned various geographies and asset classes, with particular interest in European public equities, as well as private and structured credit. The company anticipates continued momentum, driven in part by its partnership with Dai-ichi Life.

The Life business also saw positive developments, with AUMA of £188 billion. PruFund, with a franchise of £68 billion, generated net flows of £0.2 billion in Q3, a significant improvement compared to outflows of £0.6 billion in the first half of 2025. New business volumes in BPA reached £0.3 billion, up from £0.2 billion in the first half.

M&G remains on track to launch its With-Profits BPA in Q1 2026.

A closer look at the numbers reveals that Institutional Asset Management saw inflows of £2.8 billion and outflows of £2.0 billion in Q3, resulting in net inflows of £0.8 billion.

Wholesale Asset Management experienced inflows of £4.4 billion and outflows of £3.7 billion, leading to net inflows of £0.7 billion. PruFund recorded inflows of £1.7 billion and outflows of £1.5 billion, resulting in net inflows of £0.2 billion.

CEO Andrea Rossi stated, “After a strong first half, we have maintained positive momentum, continuing to deliver against our growth priorities,” underscoring the company's strategic focus.