Rothesay generates new business premiums of £0.3bn in H1 2025

Written by Adam Cadle

23/09/2025

Rothesay generated new business premiums of £0.3bn in H1 2025, and has either completed, or is exclusive on, over £4bn of further news business in the second half of the year.

Assets under management were £69.4bn (FY2024: £70.7bn) as at 30 June 2025.

The group’s solvency position continues to be very strong, with a solvency capital requirement (SCR) coverage ratio of 263% (FY2024: 261%) as at 30 June 2025. Surplus capital of £5.4bn (FY2024: £5.3bn) means that Rothesay is well-placed to capitalise on future opportunities in the market and execute substantial volumes of new business.

The group generated pre-tax IFRS profits of £406m (HY2024: £21m) and adjusted operating profits of £337m (HY2024: £725m) in the first six months of 2025.

Tom Pearce, CEO of Rothesay, said: “Rothesay’s commitment to prudent pricing discipline and a careful approach to risk management delivered strong financial performance in the first half of 2025, following a year of substantial new business volumes in 2024. Our dedicated in-house asset management team is making good progress in deploying these premiums in line with our cautious, long-term investment strategy, including investing at scale in UK productive assets through innovative partnerships with organisations like the National Wealth Fund.

“The combination of our substantial capital resources, supportive long-term shareholders, and proven execution capabilities mean we continue to be very well-positioned for the exciting future opportunities we are seeing in a dynamic pension risk transfer market, delivering on our purpose to secure the future for our policyholders."

Related Articles