Royal London has reported a 14% improve in new protection sales to £455m for the primary half of this 12 months, in comparison with £399m for a similar interval in 2024.
In its interim outcomes right now, the mutual stated it paid 98.5% of protection claims in the six months to the tip of June.
Payouts to 33,000 prospects and their households totalled £415m for the primary half, in comparison with £355m in the identical interval final 12 months.
Overall, the life and pension supplier’s working revenue earlier than tax rose 15% 12 months on 12 months to £166m for the primary half.
Group chief govt Barry O’Dwyer says: “For six years working, Royal London has been essentially the most most popular private pension supplier by monetary advisers, testomony to the energy and high quality of our buyer propositions.
“When most of our rivals carry out properly, they reward their shareholders with larger dividends.
“Royal London is a mutual with no shareholders so once we carry out properly, our eligible prospects profit by ProfitShare.
“In April, we demonstrated the worth of mutuality by sharing £181m with 2.3m prospects by our ProfitShare scheme.”
