L&G’s share price has fallen 1.63 per cent to 63.4p from a close of 64.45p on Friday.
According to reports, the firm is expected to cut its dividend by up to half.
L&G cut its dividend in March from 4.1p the pervious year to 2.05p a share. It posted losses of £1.1bn on ordinary activities after tax on an IFRS basis.
Aviva is also likely slash its dividend when it publishes its interim results on Thursday, reports say.