Today, Utmost International announced its H1 2020 results. The business has announced a strong set of H1 2020 results proving its resilience to a challenging economic environment. Solvency II Economic Value is stable at £1.0bn, Assets Under Administration are £28.8bn and new business sales are robust in spite of the disruptions to the business’s core markets.
Utmost Group today also announces its reorganisation. The Group is reorganised so that its two businesses, Utmost International and Utmost Life and Pensions, are brought together under a single UK holding company, Utmost Group Limited. Utmost Group Limited is a UK registered company subject to group regulation by the PRA. Utmost Group Limited has produced its inaugural H1 2020 pro-forma position with Assets Under Administration at £35.3bn and a Solvency Coverage Ratio of 178%.
Click here for the H1 2020 results and Group reorganisation press release which provides further details on these important steps in the Group’s development.