The latest results from Utmost Group have just been published;
Utmost Group plc (“Utmost Group” or “the Group”), a leading global provider of insurance and savings solutions, today announces its results for the year ended 31 December 2024. Commenting on the results CEO Paul Thompson said: “2024 has been a milestone year for the Group, having delivered significant strategic initiatives in both our International and UK businesses.
At Utmost, we have always prided ourselves on our level of ambition, and this year was no exception. The acquisition of Lombard International and our entry into the UK’s BPA market significantly enhances the Group’s scale, footprint and access to new markets, providing the business with a strong pipeline of opportunities with which to deliver long-term resilient growth.
“Our 2024 results reflect our strong year, with our wealth solutions business surpassing over £100bn in Assets under Administration and recording £6.8bn in proforma inflows. Across our broader KPIs, we delivered strong, stable results in a year influenced by the acquisition of Lombard International, macroeconomic challenges and continued geopolitical uncertainty.”
“Our acquisition of Lombard International – our largest to date – has significantly strengthened our net Solvency II EV, taking the Group beyond the £2bn marker and signifying the Group’s enduring value. It has served to firmly establish our leadership position in the insurance-based wealth solutions market and, while the macroeconomic horizons continue to be uncertain, we remain confident that we have the long-term financial strength and resilience to excel.”
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