Legal & General is to stop quarterly reporting in 2016, the company has confirmed through a note to the London Stock Exchange.
The board has decided that ceasing quarterly reporting is in the best long-term interests of the company, shareholders and customers, the note said.
L&G said its decision would "enhance its communications" with investors and other stakeholders because it will allow the company to better articulate its business strategies and the long-term dynamics of its markets.
Legal & General will continue to provide, in conjunction with prelims and interims, qualitative updates covering market and company developments.
Group CEO Nigel Wilson, pictured, said: "Legal & General believes in long termism. The future success of the UK economy is dependent on companies and shareholders making the correct long-term business decisions. Legal & General believes making this change will help management and the Board make the right long-term decisions in the interests of all our stakeholders."
"Our business cycle is long-term, with many of our investment and business decisions playing out over years and sometimes decades, rather than quarters. As such, ending quarterly reporting will allow us to focus on communicating what is relevant to the value creation in Legal & General's businesses," Wilson said.
