46% Micro
43% Small
5% Mid
3% Large
2% Mega
INSIGHTS - OCTOBER 2024
UK Insurance & Pensions Industry
UK Insurance & Pensions Industry Information
The insurance and pension industry is involved with the underwriting of insurance policies and investing of premiums in advance of future claims. This includes all forms of insurance and retirement benefit plans.
Active Businesses
9,003
Annual Sales
£142bn +
Employees
954,642
Economic Contribution
£55bn
Tags
Location of Insurance & Pensions Companies
Insurance & Pensions Companies by Size
Largest Insurance & Pensions Companies
Turnover
Scottish Widows Limited
£16.4bn
Insurance & Pensions Companies by Age
42% Mature
33% Established
16% Young
9% Startup
1% New
Oldest Insurance & Pensions Companies
Established
Ba (Gi) Limited
1866
Fastest Growing Insurance & Pensions Companies
35% Healthy
32% Declining
13% High
11% Rapid
10% Low
Fastest Growing Insurance & Pensions Companies
3yr CAGR
Insurance & Pensions Industry Competitive Environment - New Entrants vs Leavers
Insurance & Pensions Industry Valuation
EBITDA Multiple
Insurance & Pensions Industry Valuation
Turnover Multiple
Insurance & Pensions Industry Valuation
Net Asset Multiple
Note - from March 2020 multiples are calculated monthly, prior to this they were calculated on an annual basis.
UK Insurance, reinsurance and pension funding, except compulsory social security Industry Insights
There are 9,003 active Businesses in the UK with combined annual sales of £142 billion .
The Industry employs around 954,641 people and contributes £55 billion to the economy.
The most popular location for Insurance & Pensions companies is London with 4,620 and the fewest are located in North East England with 102.
The largest Insurance & Pensions company is Legal And General Assurance (Pensions Management) Limited with a turnover of £27.7bn. 46% of the industry is comprised of Micro companies with only 5% Mid companies.
9% of the Insurance & Pensions Industry is made up of 9% Startup but the majority are Mature businesses (42%) the oldest company is Phoenix Life Assurance Limited founded in 1864.
Insurance & Pensions industry has a number of high growth companies (11%), the fastest growing company is St. James's Place Uk Plc with a 3 year growth rate of 535%. Other fast growing companies include Pine Walk Capital Limited (399%), Pcg 2019 Corporate Member Limited (167%) and Argenta Syndicate Management Limited (166%).
The UK Insurance & Pensions Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 20.63x, Turnover multiple of 1.97x and a Net Asset multiple of 2.14x.
