Year‑end financial disclosures provide important insights into insurers’ performance, capital positioning and strategic priorities.
This KPMG report reviews the Year‑End 2025 Reports and Accounts of 15 UK life insurers. It provides an overview of solvency positions, new business performance and strategies to optimise capital generation. Consistent with our Year‑End 2024 analysis, the report compares new business metrics across firms and highlights movements relative to the prior year. However, differences in the definitions and presentation of new business measures continue to limit direct comparability across insurers.
In addition, the report presents a comparative overview of key disclosed variables, including economic and non‑economic assumptions, hedging and risk management approaches, climate‑related financial disclosures, and recent M&A activity across the UK life insurance market.
