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Insurance Asset News
ALM & Capital

PIC invests £1.6bn in privately sourced UK debt as PICG’s portfolio reaches £46.8bn

By IAN Editorial Desk
27 March 2024·Updated 26 September 2026·1 min read
Primary source: pensioncorporation.com

PICG reported 2023 IFRS adjusted operating profit before tax of £893m, up from a restated £383m.

Pension Insurance Corporation Group announced its Group results for the 12 months to 31 December 2023 in London on 27 March 2024. New business premiums reached £6.9bn, up from £4.1bn in FY2022, against an industry-wide new business pipeline of £50bn.

IFRS adjusted operating profit before tax rose to £893m, from a restated £383m in FY2022. A second dividend of 11…

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