# M&G plc reports £1.8bn Q3 net inflows and 3% rise in AUMA to £365bn - Link: https://www.directorstalkinterviews.com/mg-plc-reports-1-8bn-q3-net-inflows-and-3-rise-in-auma-to-365bn/4121224483 - Published: 2025-11-05T07:33:04+00:00 - Author: Amilia Stone **M&G plc **(LON:MNG) has announced its Q3 2025 trading update. _£1.5bn net inflows in Asset Management from external clients_ _£0.2bn net inflows in PruFund, supported by improved sales momentum_ _£0.3bn BPA transactions completed, With-Profits BPA on track for Q1 2026 launch_ | ** AUMA as at 30 September 2025** **£365bn ****HY 2025: £355bn** | ** ** | **Q3 Net Flows from Open Business^(1)****£1.8bn ****2025 YTD: £3.9bn** | > ** Andrea Rossi, M&G plc Group Chief Executive Officer, said:** > “After a strong first half, we have maintained positive momentum, continuing to > deliver against our growth priorities. > “Group AUMA increased 3% in the quarter to £365 billion, supported by £1.8 billion > of net inflows from open business across Asset Management and Life, reflecting > the strength of our business model and investment capabilities. > “Our Asset Management performance was particularly pleasing as we delivered £1.5 > billion 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 key highlights:** ·      Asset Management AUMA of £335 billion, including £176 billion from external clients, up 3% in the quarter and 6% year-to-date (YTD). ·      Continued strong net inflows from external clients of £1.5 billion in Q3, bringing the YTD total to £4.1 billion which corresponds to an annualised rate of over 3% of opening external assets. ·      Both Institutional and Wholesale franchises in net inflows, delivering £0.8 billion and £0.7 billion respectively in Q3, and £2.7 billion and £1.4 billion YTD. ·      Continued client demand across geographies and asset classes, particularly in European public equities, as well as in private and structured credit. ·      Momentum expected to continue in coming months, as we begin to generate new business flows through our partnership with Dai-ichi Life. **Life key highlights:** ·      Life AUMA of £188 billion up 2% over the period and 1.5% YTD. ·      PruFund, now a £68 billion franchise, delivered net flows of £0.2 billion in Q3 compared to £(0.6) billion in H1 2025.  We remain focused on further broadening client and advisor access and product range. ·      New business volumes of £0.3 billion in Bulk Purchase Annuities (BPA) improved compared to £0.2 billion in the first half.  We expect to maintain a good level of volumes in the final quarter of the year. ·      Progressing well towards launching our With-Profits BPA, which remains on track for Q1 2026. 1 Net flows from open business consists of net client flows from Asset Management, PruFund, Shareholder annuities and the parts of Other Life open to new business. **Net flows from open business** | | **2025 YTD – January to September** | **2025 Q3 – July to September** | | **£bn** | **Inflows** | **Outflows** | **Net flows** | **Inflows** | **Outflows** | **Net flows** | | Institutional Asset Management | 12.0 | (9.3) | **2.7** | 2.8 | (2.0) | **0.8** | | Wholesale Asset Management | 13.9 | (12.5) | **1.4** | 4.4 | (3.7) | **0.7** | | **Asset Management** | 25.9 | (21.8) | **4.1** | 7.2 | (5.7) | **1.5** | | With-profits: PruFund | 4.5 | (4.9) | **(0.4)** | 1.7 | (1.5) | **0.2** | | Shareholder annuities | 0.5 | (0.8) | **(0.3)** | 0.3 | (0.3) | **–** | | Other Life | 1.0 | (0.5) | **0.5** | 0.3 | (0.2) | **0.1** | | **Life open business** | 6.0 | (6.2) | **(0.2)** | 2.3 | (2.0) | **0.3** | | **Net flows from open business** | **31.9** | **(28.0)** | **3.9** | **9.5** | **(7.7)** | **1.8** | **Group AUMA movements 30 June 2025 to 30 September 2025** | **£bn** | **As at****30 Jun 2025** | **Inflows** | **Outflows** | **Net flows** | **Market/ Other** | **As at****30 Sep 2025** | | Institutional Asset Management | **102.9** | 2.8 | (2.0) | 0.8 | 2.2 | **105.9** | | Wholesale Asset Management | **65.2** | 4.4 | (3.7) | 0.7 | 3.8 | **69.7** | | Other Asset Management^(1) | **0.7** | – | – | – | – | **0.7** | | **Asset Management** | **168.8** | 7.2 | (5.7) | 1.5 | 6.0 | **176.3** | | _Asset Management – Internal assets_ | _155.6_ | _ _ | _ _ | _ _ | _ _ | _159.1_ | | _Asset Management incl. internal_ | _324.4_ | _ _ | _ _ | _ _ | _ _ | _335.4_ | | With-Profits: PruFund | **64.7** | 1.7 | (1.5) | 0.2 | 2.8 | **67.7** | | With-Profits: traditional | **64.8** | – | (1.3) | (1.3) | 0.2 | **63.7** | | Shareholder annuities | **15.2** | 0.3 | (0.3) | – | (0.2) | **15.0** | | Other Life^(2) | **40.1** | 0.7 | (1.6) | (0.9) | 2.2 | **41.4** | | **Life** | **184.8** | 2.7 | (4.7) | (2.0) | 5.0 | **187.8** | | ** ** | ** ** | | | | | ** ** | | **Corporate assets** | **1.0** | – | – | – | (0.2) | **0.8** | | ** ** | ** ** | | | | | ** ** | | **Total** | **354.6** | **9.9** | **(10.4)** | **(0.5)** | **10.8** | **364.9** | | 1. Corporate AUMA allocated to the Asset Management segment;  2. Includes elements of Other Life closed to new business | **Asset Management AUMA by asset class** | **£bn** | As at30 Jun 2024 | As at31 Dec 2024 | **As at****30 Jun 2025** | **As at****30 Sep 2025** | | Private AUMA | 73.1 | 74.1 | **76.7** | **78.5** | | Public AUMA | 239.5 | 240.9 | **247.0** | **256.2** | | Other Asset Management^(1) | 1.0 | 0.9 | **0.7** | **0.7** | | **Asset Management incl. internal** | 313.6 | 315.9 | **324.4** | **335.4** | | 1. Corporate AUMA allocated to the Asset Management segment | Share on: