L&G publishes 2025 results

Retail gross premium income rising

Cameron Roberts
clock • 1 min read

Provider, L&G, has today (11 March 2026) released its 2025 full-year results, showing growth in both retail and group protection lines.

In a statement, the provider said that the UK protection business was focused on writing "strong volumes at disciplined margins." L&G's group protection grow premiums totalled £2.1 billion at the end of the financial year, up from £2bn in the previous year. These figures led to a 9% increase in gross premium income for group protection according to L&G. The provider recorded 16% growth in overall application volumes on its digital quote, apply and renewal platform, ONIX, in 2025. Online renewals increased by 144% year-on-year in 2025, with a 2% rise in submitted new business quo...

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

The COVER Review: Provider updates, acquisitions and AI

The COVER Review: Provider updates, acquisitions and AI

Week commencing 13 April 2026

COVER
clock 17 April 2026 • 1 min read
Holloway Friendly to merge with Wiltshire Friendly

Holloway Friendly to merge with Wiltshire Friendly

No job losses expected

Jaskeet Briah
clock 17 April 2026 • 2 min read
Insurance economic abuse on the rise: The Exeter

Insurance economic abuse on the rise: The Exeter

Product flexibility is key

Cameron Roberts
clock 16 April 2026 • 2 min read