Guardian paid out £21.3m in 2024

40% year-on-year increase

Jaskeet Briah
clock • 3 min read

Provider, Guardian, has released its second claims report, revealing that it paid out £21.34 million across 238 life insurance, terminal illness and critical illness (CI) claims in 2024.

The pay out figure - relating to products which have been in the market for five years or more - represent a 40% increase compared to £15m which was paid out in 2023. Carlton Hood, CEO, Guardian, said: "I'm particularly impressed when Guardian has had the courage to think differently, and to challenge established practice in order to do things better. "As this report shows, it means customer outcomes are better when it matters most. I look forward to working with peers and colleagues across the industry, to continue to push the boundaries and innovate, for the benefit of all those who...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

L&G publishes 2025 results

L&G publishes 2025 results

Retail gross premium income rising

Cameron Roberts
clock 11 March 2026 • 1 min read
Royal London protection new business sales rise 17% in 2025

Royal London protection new business sales rise 17% in 2025

£771m paid in protection claims

Jaskeet Briah
clock 06 March 2026 • 2 min read
Guardian IP added to UnderwriteMe platform

Guardian IP added to UnderwriteMe platform

Seventh insurer offering buy-now for IP on the platform

Jaskeet Briah
clock 05 March 2026 • 1 min read