Our 2025 financial results
Strong financial performance and capital position mean Rothesay is well-placed for growth
In total, Rothesay generated new business premiums of £5.2bn in 2025, assisting 17 pension schemes to de-risk and bringing the total volume of new business executed since 2023 to c. £33bn. In addition, Rothesay has either completed, or is exclusive on, a further c. £2bn since the start of the year.
Assets under management increased to £73.5bn and Rothesay now secures the pensions of nearly one million people, making £4.4bn in annual payments to its policyholders.
The Group’s solvency position continues to be very strong, with a Solvency Capital Requirement coverage ratio of 246%. Surplus capital of £5.4bn means Rothesay is well-placed for future growth.
Tom Pearce, Chief Executive Officer of Rothesay, said: “Rothesay delivered another very positive year, with strong financial performance and value generation. We made excellent progress in investing the significant volumes of assets generated over the last two years and will continue to do this cautiously given the turbulent market backdrop. Our industry-leading risk management systems allowed us to effectively navigate a wide range of external risks and our substantial capital resources and long-term, supportive shareholders mean we are very well-placed for future growth.
2026 promises to be another exciting year for Rothesay as we continue to invest in our capabilities across the business to drive further innovation in the pension risk transfer market and capitalise on the growing pipeline of opportunities we are seeing. As always, we will remain relentlessly focused on our core purpose of securing the future for our policyholders, protecting their pensions while providing service excellence and delivering long-term value to our shareholders.”