As the UK's largest mutual life, pensions and investments company - we can offer firm foundations of financial security. This is often a key concern when considering a company and its products.
As many businesses count the cost of the coronavirus, we want to provide some reassurance around our capital position. We’re a financially strong, stable and well-capitalised business.
As shown in our 2019 end-of-year results, our business had £10.3bn of available capital.
Our Solvency II capital requirement is £4.4bn.
We had 2.3 times the amount of available capital the regulator requires us to hold.
We remain confident in our ability to withstand the current turmoil - though we are of course monitoring the situation closely. Our CEO, Barry O’Dwyer, recorded a podcast to provide some reassurance at this time. You can share this with your employees.
While our capital position speaks for itself, we’re also rated by various global ratings agencies.
Standard & Poor's*
|A (July 2019)|
AKG Actuaries and Consultants Ltd
|B+ (October 2019)|
|A2 (August 2019)|
*Counterparty Credit Rating (CCR).
If you have any questions, speak to your usual Royal London contact or your adviser.