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

PPF 7800 aggregate surplus falls by £5.3bn in April

PPF 7800 aggregate surplus falls by £5.3bn in April

Lifeboat fund’s 7800 index shows surplus stood at £258.5bn as at the end of last month

Martin Richmond
clock 12 May 2026 • 3 min read
XPS launches integrated DB run-on solution

XPS launches integrated DB run-on solution

Launch comes as Pension Schemes Act marks a step towards a new DB surplus regime

Martin Richmond
clock 12 May 2026 • 2 min read
Largest professional trustee firms overseeing nearly half of DB schemes

Largest professional trustee firms overseeing nearly half of DB schemes

Isio finds ten largest firms expect to manage two-thirds of DB schemes within five years

Martin Richmond
clock 07 May 2026 • 3 min read
Trustpilot