ROYAL LONDON MUTUAL INSURANCE SOCIETY,LIMITED(THE)
Operating under the Royal London brand, the entity is a customer-owned mutual society providing life insurance, pensions, and investment products.
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Cash
—
Latest balance sheet
Net assets
£7.6B
+8.5% highest in 3 filed years
Employees
4,876
+11.2% highest in 3 filed years
Profit before tax
£261M
+0.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We have identified, and concur with the directors’ assessment that there is a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt over the Group’s or Company’s ability to continue as a going concern for the going concern period.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Gross written premiums | — | £1,851,000,000 | £2,997,000,000 | +61.9% | |
| Net earned premiums | — | £2,092,000,000 | £2,414,000,000 | +15.4% | |
| Claims incurred | — | £2,645,000,000 | £2,662,000,000 | +0.6% | |
| Investment return | — | £9,689,000,000 | £12,308,000,000 | +27% | |
| Profit before tax | £467,000,000 | £260,000,000 | £261,000,000 | +0.4% | |
| Net profit | £382,000,000 | £93,000,000 | £249,000,000 | +167.7% | |
| Insurance contract liabilities | — | £122,119,000,000 | £134,460,000,000 | +10.1% | |
| Total assets | £123,221,000,000 | £135,383,000,000 | £150,082,000,000 | +10.9% | |
| Total liabilities | — | — | — | — | |
| Equity | £1,950,000,000 | £7,046,000,000 | £7,643,000,000 | +8.5% | |
| Average employees | 3,567 | 4,383 | 4,876 | +11.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 20.2% | 19.4% | — | |
| Net margin | 31.1% | 6.5% | — | |
| Return on capital employed | 6.2% | — | — | |
| Gearing (liabilities / total assets) | 98.4% | 94.8% | 94.9% | |
| Current ratio | 0.04x | 0.04x | — | |
| Interest cover | 2.93x | 3.18x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We have identified, and concur with the directors’ assessment that there is a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt over the Group’s or Company’s ability to continue as a going concern for the going concern period.”
Group structure
- ROYAL LONDON MUTUAL INSURANCE SOCIETY,LIMITED(THE) · parent
- Dalmore Capital Limited 100%
- ProperTiss Living Limited 75%
- Responcible Limited 100%
- RL Finance Bonds No. 3 plc 100%
- RL Finance Bonds No. 4 plc 100%
- RL Finance Bonds No. 6 plc 100%
- RLUM Limited 100%
- Royal London Asset Management Limited 100%
- Royal London Insurance Designated Activity Company 100%
- Royal London Management Services Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 51 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROYAL LONDON MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2011-03-31 | — | — |
| CAZEAUX, Daniel Sebastian | Director | 2020-09-22 | Nov 1975 | British |
| CRACKNELL, Michelle Ann | Director | 2026-04-29 | Sep 1964 | British |
| GUYETT, Jane Elizabeth | Director | 2021-08-04 | Sep 1959 | British |
| HUDSON, Isabel Frances | Director | 2025-02-10 | Dec 1959 | British |
| MCMANUS, Eithne Siobhan | Director | 2023-04-01 | Aug 1964 | Irish |
| O'DWYER, Finbar Anthony | Director | 2020-01-08 | May 1971 | Irish |
| PUREWAL, Parwinder Singh | Director | 2023-02-08 | Jun 1959 | British |
| RENNISON, Mark Martin | Director | 2020-09-25 | Aug 1960 | British |
| RICHARDS, Nicola Jane | Director | 2023-10-05 | Aug 1966 | British |
| STEWART, Gregor Ninian | Director | 2025-06-02 | May 1964 | British |
Show 51 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AUJARD, Christopher Charles | Secretary | 2007-06-28 | 2011-03-31 |
| FARMER, Sven Dean | Secretary | — | 1996-03-31 |
| ROSS, Murray John | Secretary | 1996-04-01 | 2007-06-28 |
| ATWAL, Kal | Director | 2020-01-17 | 2026-01-16 |
| BISH JONES, Trevor Charles | Director | 2005-10-14 | 2010-04-29 |
| BRIDGELAND, Sally | Director | 2015-01-14 | 2023-12-31 |
| BRILL, Cyril | Director | — | 1993-01-31 |
| CARTER, Andrew Stewart | Director | 2007-01-02 | 2015-12-31 |
| CARTER, Andrew Stewart | Director | 2007-01-01 | 2007-01-01 |
| COYLE, Gerald Bernard | Director | 1995-10-11 | 1997-12-05 |
| DAVIDSON, Ruth Elizabeth | Director | 2021-06-08 | 2026-06-01 |
| DEANE, John Vincent | Director | 2007-04-01 | 2012-06-29 |
| DICKSON, Olivia Catherine | Director | 2017-06-15 | 2018-12-31 |
| DILKS, Ian Edwin | Director | 2014-11-14 | 2023-12-31 |
| DUFFIN, Brian James | Director | 2001-07-01 | 2007-03-31 |
| ERITH, Robert Felix | Director | — | 1996-04-30 |
| FERGUSON, Duncan George Robin | Director | 2010-04-01 | 2017-06-14 |
| FITZGERALD, Barry Patrick | Director | 1997-01-22 | 2003-04-30 |
| FROST, Alan John | Director | 2000-04-26 | 2001-03-31 |
| GARROOD, Shirley Jill | Director | 2020-12-10 | 2023-06-06 |
| GRAHAM, Tracey | Director | 2013-03-10 | 2022-03-22 |
| HARRIS, Timothy Walter | Director | 2014-05-19 | 2019-06-25 |
| JEENS, Robert Charles Hubert | Director | 2003-05-01 | 2012-05-22 |
| JONES, Brian Robert | Director | — | 1998-10-31 |
| KNIGHTS, John Brian | Director | — | 1995-04-13 |
| LONEY, Philip Duncan | Director | 2011-10-01 | 2019-06-19 |
| LONGHURST, Andrew Henry | Director | 2000-04-26 | 2002-05-31 |
| LUSCOMBE, Kerr | Director | 2012-07-23 | 2014-05-14 |
| MACDONALD, Jonathan Mark | Director | 2012-12-14 | 2019-04-24 |
| MATTHEWS, Kathryn Ann | Director | 2012-06-26 | 2014-12-31 |
| MELVILLE ROSS, Timothy David | Director | 1999-06-01 | 2013-06-04 |
| PALMER, Andrew William | Director | 2011-04-01 | 2020-04-03 |
| PARRY, Kevin Allen Huw | Director | 2019-03-19 | 2024-10-03 |
| PEACOCK, Lynne Margaret | Director | 2023-12-01 | 2025-02-09 |
| PENNANT-REA, Rupert Lascelles | Director | 2012-12-13 | 2018-12-31 |
| PERCIVAL, Anthony Henry | Director | 1999-01-01 | 2001-06-30 |
| PHILLIPS, Christopher Martin | Director | 2001-04-01 | 2003-09-19 |
| PICKARD, Michael John | Director | — | 1999-07-09 |
| PLATT, Jane Christine | Director | 2012-07-05 | 2013-06-04 |
| REID, Hubert Valentine | Director | 1996-04-01 | 2005-12-31 |
| ROSS, Murray John | Director | 1997-01-22 | 2001-06-30 |
| ROSS, Thomas Mackenzie | Director | 2001-07-01 | 2010-05-20 |
| SHONE, Stephen | Director | 1999-01-01 | 2013-06-04 |
| SKIPPER, Barry John | Director | 1995-10-11 | 2000-04-26 |
| SLEE, Thomas William | Director | — | 1999-04-30 |
| TOOKEY, Timothy | Director | 2020-04-06 | 2025-06-03 |
| WEYMOUTH, David Avery | Director | 2012-07-01 | 2021-06-02 |
| WICKER MIURIN, Jane Fields | Director | 2003-01-01 | 2006-05-25 |
| WILLIAMS, David Gay | Director | 2006-03-01 | 2013-06-04 |
| WOODING, Norman, Sir | Director | — | 1996-04-30 |
| YARDLEY, Michael John | Director | — | 2011-10-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 367 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-17 MA Memorandum articles
- 2025-06-17 RESOLUTIONS Resolution
- 2024-12-28 CC04 Statement of companys objects
- 2024-12-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-06-18 | AA | accounts | Accounts with accounts type group | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | TM01 | officers | Termination director company | |
| 2025-08-29 | CH01 | officers | Change person director company with change date | |
| 2025-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-17 | MA | incorporation | Memorandum articles | |
| 2025-06-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-16 | AA | accounts | Accounts with accounts type group | |
| 2025-06-11 | CH01 | officers | Change person director company with change date | |
| 2025-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-28 | CC04 | change-of-constitution | Statement of companys objects | |
| 2024-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.