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Our 2022 financial results

Rothesay’s strong capital position means we are well-placed in a pension de-risking market which has never been more buoyant.

The Group’s solvency remains very strong with a Solvency Capital Requirement (SCR) coverage ratio of 255% and surplus capital of £4.9bn. Rothesay completed de-risking transactions with nine pension schemes during 2022, resulting in new business premiums of £3.3bn, and now secures the pensions of over 825,000 people. In addition, Rothesay is currently exclusive on £5.7bn of new business.

Tom Pearce, Chief Executive Officer of Rothesay, said:

“Rothesay’s strong capital position combined with our track record of delivering large complex transactions and strong support from our long-term shareholders, means we are very well-placed to execute the exciting new business opportunities we are seeing in a bulk annuity market which has never been more buoyant.

At the same time, we will maintain our disciplined approach to underwriting, our focus on operational excellence, and our continuous investment in our purpose-built risk management systems. It is this approach which allows us to deliver excellent financial performance despite turbulent economic conditions, protecting the future for our policyholders and delivering long-term value for our shareholders.”

Read the full trading statement