Press ReleaseUWS

Utmost Group announces its Full Year Results to 31 December 2020

28 May 2021

Today, Utmost Group has published its 2020 Full Year Results to 31 December 2020.

2020 Highlights:

  • 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 regulation 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