LGIM attributed the success to the continued growth of the international business, particularly in the US and the Gulf. Net inflows from international clients rose to £7.8bn from £4.5bn the previous year, while international AUM increased 34% to £43bn.
In its annual report the firm reported that operating profit reached £243m for the year, a £9m increase on 2011. Net inflows more than doubled, hitting £7.1bn and revenues were up £29m to £500m, from £471m in 2011.
The Group reported that all divisions increased operating profits in the year, and dividends were up 20%, from 4.74p per share in 2011 to 7.65p.
Mark Zinkula, LGIM Chief Executive Officer, said: "Our international business has shown tremendous growth over the year. In the US, we are very well placed to capitalise on the de-risking trend due to our growing reputation as a thought leader in Liability Driven Investment (LDI) and the strength of our fixed income team.
"We have extended our distribution capabilities in the Gulf and Europe and as a result are seeing increasing interest in our index, active fixed income and property funds. Overall, we continue to see strong demand for our LDI and fixed income capabilities alongside our market-leading index tracking business."