46% Micro
43% Small
6% Mid
3% Large
2% Mega
INSIGHTS - APRIL 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
9,941
Annual Sales
£69bn +
Employees
368,998
Economic Contribution
£31bn
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
48% Mature
30% Established
14% Young
7% Startup
0% New
Oldest Insurance & Pensions Companies
Established
Ba (Gi) Limited
1866
Fastest Growing Insurance & Pensions Companies
32% Declining
31% Healthy
14% Low
12% Rapid
10% High
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 9,941 active Businesses in the UK with combined annual sales of £69 billion .
The Industry employs around 368,997 people and contributes £31 billion to the economy.
The most popular location for Insurance & Pensions companies is London with 5,524 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 6% Mid companies.
7% of the Insurance & Pensions Industry is made up of 7% Startup but the majority are Mature businesses (48%) the oldest company is Cna Insurance Company Limited founded in 1864.
Insurance & Pensions industry has a number of high growth companies (12%), the fastest growing company is Convex Insurance Uk Limited with a 3 year growth rate of 508%. Other fast growing companies include Renaissancere Corporate Member (No. 2) Limited (239%), Hamilton Uk Services Limited (154%) and National Farmers Union Mutual Insurance Society Limited(the) (112%).
The UK Insurance & Pensions Industry’s valuation has been improving over the past 3 years with a current EBITDA multiple of 19.65x, Turnover multiple of 1.74x and a Net Asset multiple of 1.75x.
