Today, Utmost Group has published its 2020 Full Year Results to 31 December 2020.
- Utmost Group has delivered a strong set of results for 2020 in a challenging year. As our results demonstrate, our strong values, adaptability and continued focus on our long-term vision have sustained our momentum
- In October 2020 the Group reorganised so that its two businesses, Utmost International (UI) and Utmost Life and Pensions (ULP), were brought together under a single UK holding company, Utmost Group Limited, with one strategy and one brand. Utmost Group Limited is a UK registered company subject to group supervision by the PRA
- In April 2021 the proposed acquisition of Quilter International was announced. It will add £22bn of assets under administration and 90,000 policies to Utmost International. It confirms Utmost International’s position as a leading global provider of international life assurance. The transaction is expected to complete by year end 2021
- The Group has delivered on its KPIs and maintained a resilient balance sheet. Assets under Administration are now c £37bn, APE for 2020 was £180m and SII EV is over £1.6bn. The Group’s Solvency Coverage Ratio is strong at 183%. As at 31 December 2020 the leverage ratio was approximately 18% with ample funding capacity for future acquisitions
Click here for the Press Release
Click here for the UGL Annual Report 2020
Click here for the UGL Group SFCR 2020