Insurer, The Exeter, recorded a 21.6% increase in new business premiums for income protection (IP) in 2025, increasing to £7m from £5.8m the year prior.
Overall, The Exeter reported an 8% increase in gross premium income to £135m from £125.1m in 2024, with health insurance seeing new business premiums in line with expectations at £19.1m. There was also an increase in new business premiums for life insurance, increasing to £5.6m in 2025 from £3.7m in 2024. The Exeter's membership last year grew by 3.5% to 151,503 members, the provider paid out a record number of claims in 2025, with a total of £71m paid out in claims. Last year, The Exeter also recorded increased demand for additional services. Downloads of its member benefit app, ...
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