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Rothesay 2020 financial results

Rothesay delivered strong performance in 2020 despite COVID-19, writing £7.0bn of new pension bulk annuity business, growing assets under management to £62.0bn and with record consolidated pre-tax profits of £1,469m.

Addy Loudiadis, Chief Executive Officer of Rothesay, said:

“2020 was a very strong year for Rothesay despite the unprecedented challenge of COVID-19. This year, more than ever, we have seen the value of the purpose-built risk management infrastructure that we have developed to protect policyholders’ pensions. This has allowed us to effectively navigate significant volatility throughout the year while continuing to write very large volumes of new business.

I am incredibly proud of the way in which our people have responded to the crisis. Through their determined efforts we have maintained our financial and operational resilience while delivering consistently excellent levels of customer service for our policyholders. We enter 2021 exclusive on, or having closed, a combined £1.2bn of new business and expect it to be another busy year in the bulk annuity market. Our strong capital position and supportive shareholders ensure that we are well positioned to pursue these and other strategic opportunities. I look forward to the year ahead with confidence about what the future holds for Rothesay, our customers and our stakeholders.”

For the full press release click here