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

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 ...

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