PIC completed record level of new business premiums in 2024

Specialist DB insurer’s annual results showed it completed £8.1bn of new premiums last year

Martin Richmond
clock • 2 min read
Blackwell: The pension risk transfer market is dynamic and it continues to evolve
Image:

Blackwell: The pension risk transfer market is dynamic and it continues to evolve

Pension Insurance Corporation (PIC) completed its largest ever annual total of new business premiums in 2024, according to its full-year results.

The specialist defined benefit insurer's results for the 12 months to 31 December 2024 showed it had completed £8.1bn of new business premiums, compared to £6.9bn in 2023. In addition, the firm's r...

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 Defined Benefit

'Rock solid' governance 'critical' as DB endgame choices grow

'Rock solid' governance 'critical' as DB endgame choices grow

Panel says it is ‘essential’ for schemes to have a ‘transparent’ relationship with their sponsor

Martin Richmond
clock 14 October 2026 • 3 min read
Aggregate DB surplus rises to £280.7bn in September

Aggregate DB surplus rises to £280.7bn in September

PPF says funding positions strengthened as liabilities fell faster than assets during the month

Jonathan Stapleton
clock 13 October 2026 • 1 min read
DB pension surpluses are back on the agenda

DB pension surpluses are back on the agenda

David Brooks looks at the arguments on how best to use pension surpluses

David Brooks
clock 14 September 2026 • 3 min read
Trustpilot