PENSION INSURANCE CORPORATION PLC
Trading as PIC, the business is a specialist UK insurer and the primary operating subsidiary of Pension Insurance Corporation Group Limited, providing pension risk transfer contracts, buyouts, and buy-ins to defined benefit occupational pension funds.
Get an alert when PENSION INSURANCE CORPORATION PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
7 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | — | £8,064,000,000 | £6,752,000,000 | -16.3% | |
| Net earned premiums | — | £2,384,000,000 | £2,804,000,000 | +17.6% | |
| Claims incurred | — | £2,131,000,000 | £2,355,000,000 | +10.5% | |
| Investment return | — | £1,918,000,000 | £2,729,000,000 | +42.3% | |
| Profit before tax | £303,000,000 | £370,000,000 | — | — | |
| Net profit | £239,000,000 | £286,000,000 | — | — | |
| Insurance contract liabilities | — | — | — | — | |
| Total assets | £78,478,000,000 | £83,597,000,000 | — | — | |
| Total liabilities | — | — | — | — | |
| Equity | £4,449,000,000 | £4,302,000,000 | — | — | |
| Average employees | — | — | — | — |
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 |
|---|---|---|---|---|
| Net margin | 10.9% | 12.0% | — | |
| Gearing (liabilities / total assets) | 94.3% | 94.9% | — |
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.
Name history
Renamed 2 times since incorporation
- PENSION INSURANCE CORPORATION PLC 2014-06-09 → present
- PENSION INSURANCE CORPORATION LIMITED 2006-10-02 → 2014-06-09
- JUMPHURST LIMITED 2006-02-13 → 2006-10-02
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has prepared the financial statements on the going concern basis as they do not intend to liquidate the Group or the Company or to cease their operations, and ns they have concluded that the Group's and the Company's financial position means that it will be able to continue in operation over the significant period... The audit has concluded that there are no material uncertainties related to going concern for the Group and Company.”
Group structure
- PENSION INSURANCE CORPORATION PLC · parent
- PIC ERM Limited 100%
- PIC Perpetual Limited Partnership 100%
- PIC New Victoria Unit Trust 99%
- PIC New Victoria Limited Partnership 99%
- PIC Wiltern Unit Trust 99%
- PIC Wiltern Limited Partnership 99%
- PIC Arbour Unit Trust 99%
- PIC Arbour Limited Partnership 99%
- PIC One Eastside Unit Trust 99%
- PIC One Eastside Limited Partnership 99%
- PIC Real Estate (First EU) Limited Partnership 100%
- PIC Real Estate (Ruskin Square) LP 100%
- PIC Real Estate (Cedar) GP Limited 100%
- PIC Real Estate (Cedar) LP 100%
- PIC Real Estate Nominee Limited 100%
- PIC AP Holdco LLP 100%
- PIC AS Holdco LLP 100%
- PIC LSO Buildco LLP 99.99%
- PIC SQR LLP 99.99%
Significant events
- “On 3 July 2025, Athora Holding Ltd ("Athora") entered into an agreement to acquire the Group's ultimate parent company, PICG. Regulatory approval has been received at the beginning of March 2026 for the transaction which is expected to complete on or around 27 March 2026. Upon completion, Athora will acquire 100 per cent of the ordinary share capital of PICG.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFITHS, Martin | Secretary | 2024-12-16 | — | — |
| EDEN, Judith Elizabeth | Director | 2019-08-01 | Dec 1964 | British |
| GRAHAM, Tracey | Director | 2025-01-01 | Jul 1965 | British |
| HUMPHREYS, Alexander Wallace | Director | 2026-03-27 | Sep 1981 | British |
| MOSS, Andrew | Director | 2023-09-01 | May 1964 | British |
| MOURGUE D'ALGUE, Jerome | Director | 2018-11-20 | Oct 1970 | French |
| PATEL, Hiteshkumar Rameshchandra | Director | 2026-04-01 | Jan 1961 | British |
| PIKE, Martin St Clair | Director | 2025-01-01 | Sep 1961 | British |
| SOLASH, Todd Paul | Director | 2026-03-27 | Nov 1975 | American |
| VENEY, Dominic | Director | 2021-12-10 | Apr 1976 | British |
| WEYMOUTH, David Avery | Director | 2022-10-01 | May 1955 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INWARD, Louise | Secretary | 2015-09-23 | 2024-12-16 |
| THOMSON, David Malcolm | Secretary | 2006-09-06 | 2015-09-23 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-02-13 | 2010-01-27 |
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2010-01-27 | 2015-09-23 |
| AISBITT, Jonathan Robert | Director | 2016-10-14 | 2022-10-31 |
| BLACKWELL, Tracy Marie | Director | 2011-07-07 | 2025-12-31 |
| BLAIR, Jake Anthony | Director | 2021-06-07 | 2026-03-27 |
| BOWE, Amanda Helen | Director | 2017-01-01 | 2018-12-06 |
| BRIDGELAND, Sally | Director | 2021-01-28 | 2026-03-27 |
| COOMBER, John Richard | Director | 2007-12-20 | 2017-05-22 |
| COOPER, Graham Burton | Director | 2006-09-06 | 2012-10-22 |
| FITZPATRICK, John Henry | Director | 2006-09-06 | 2010-06-30 |
| GOH, Julia | Director | 2021-10-01 | 2026-03-27 |
| HANFORD, Timothy John | Director | 2009-01-14 | 2018-10-18 |
| JACOMB, Martin Wakefield, Sir | Director | 2006-09-06 | 2012-10-22 |
| KING, Stuart | Director | 2019-01-01 | 2026-03-27 |
| KITTS, Arno | Director | 2016-07-01 | 2025-06-30 |
| LEVY, Adrian Joseph Morris | Director | 2006-02-13 | 2006-03-21 |
| LYONS, Nicholas Stephen Leland | Director | 2016-02-26 | 2018-07-31 |
| MARSHALL, Roger Michael James | Director | 2015-09-01 | 2024-12-31 |
| MAUNSELL, Caroline Harriet | Director | 2012-10-22 | 2016-12-31 |
| MCKECHNIE, Christopher Wikoff | Director | 2012-10-22 | 2016-05-25 |
| MICHOTTE, Eloy Urbain Paul Ghislain | Director | 2012-10-22 | 2020-12-31 |
| MONTAGU, Nicholas Lionel John, Sir | Director | 2006-09-06 | 2006-09-06 |
| MORGAN, David Raymond | Director | 2010-02-15 | 2010-02-15 |
| PARKER, Nicholas Sherren | Director | 2011-05-18 | 2015-10-31 |
| PRIESTLEY, Richard Joseph | Director | 2006-09-06 | 2008-07-25 |
| PUDGE, David John | Nominee Director | 2006-02-13 | 2006-03-21 |
| RUTLAND, Peter William James | Director | 2017-05-05 | 2026-03-27 |
| SARJANT, Stephen John | Director | 2014-11-01 | 2021-03-31 |
| SCOTT, Robert Avisson | Director | 2006-09-06 | 2012-10-22 |
| SEWELL, Robert Peter | Director | 2008-07-21 | 2021-12-09 |
| SINHA, Ravi Shankar | Director | 2006-09-06 | 2009-12-14 |
| STEPHEN, Thomas Mark | Director | 2014-11-19 | 2023-12-31 |
| THOMSON, David Malcolm | Director | 2006-03-21 | 2006-09-06 |
| TRUELL, Edmund George Imjin Fosbroke | Director | 2006-03-21 | 2011-05-18 |
| VAN ZYL, Frederik Wilhelm | Director | 2015-05-01 | 2026-03-27 |
| WEINBERG, Mark Aubrey, Sir | Director | 2012-10-22 | 2016-10-14 |
| WINTERS, William Thomas | Director | 2012-10-22 | 2015-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pic Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 256 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-28 | AA | accounts | Accounts with accounts type group | |
| 2026-05-21 | AUD | auditors | Auditors resignation company | |
| 2026-04-01 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | CH01 | officers | Change person director company with change date | |
| 2025-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 7
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.