PIC sees fall in operating profit but retains strong business performance

DB insurer reveals it has paid out £10.6bn of liabilities since 2013

Martin Richmond
clock • 2 min read
PIC chief executive Tracy Blackwell
Image:

PIC chief executive Tracy Blackwell

Pension Insurance Corporation’s (PIC) operating profit fell by around £145m in 2022, according to its full-year results.

The defined benefit (DB) insurer's results, published today (20 March) on the London Stock Exchange, revealed its adjusted operating profit for the year had fallen to £388m, against a £533m profit ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Rohit Meena Rajesh: Remaining resilient in an ever-evolving industry

Rohit Meena Rajesh: Remaining resilient in an ever-evolving industry

Meena Rajesh speaks about his early pensions career, moving to the UK, the importance of DEI and his Rising Star triumph

Martin Richmond
clock 12 February 2026 • 10 min read
FCA CEO reiterates idea of allowing early access to pensions for housing deposits

FCA CEO reiterates idea of allowing early access to pensions for housing deposits

Nikhil Rathi says ‘contentious’ debate to be had about using portion of pension savings for housing deposits

Martin Richmond
clock 12 February 2026 • 1 min read
US investment manager Nuveen agrees £9.9bn deal to buy Schroders

US investment manager Nuveen agrees £9.9bn deal to buy Schroders

Combined group will oversee almost $2.5trn (£1.83trn) of assets under management

Linus Uhlig
clock 12 February 2026 • 2 min read
Trustpilot