Our interim 2025 results
Disciplined approach delivering strong financial performance in a dynamic market
Rothesay generated new business premiums of £0.3bn in the first half of 2025. In addition, Rothesay has either completed, or is exclusive on, over £4bn of further new business in the second half of the year.
Rothesay’s Market Consistent Embedded Value increased to £8.0bn and the Group’s solvency position continues to be very strong, with a Solvency Capital Requirement coverage ratio of 263%. Surplus capital of £5.4bn combined with the proven strength of its execution capabilities mean Rothesay is well-placed to capitalise on future opportunities in the market going forward.
Tom Pearce, Chief Executive Officer 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."