RCS - Utmost Group PLC - Utmost Group plc Full Year Results 2025

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RNS Number : 6376A  Utmost Group PLC  16 April 2026

Utmost Group plc Full Year Results 2025

Record inflows, uplift in operating profit, cash generation, and strategic
progress mark pivotal year for Utmost

Utmost Group plc ("Utmost"), a leading global provider of insurance-based
wealth solutions, today announces its results for the year ended 31 December
2025.

 

Commenting on the results CEO Paul Thompson said:

"2025 was a pivotal year for Utmost. We delivered a strong set of results
including record inflows of £9.7bn, taking AUA to over £116bn. This
performance reflects the strength of our enhanced global platform, the breadth
of our distribution partnerships and the quality of our resilient business
model. Additionally, the growth in flows achieved throughout most of our
regions along with robust client retention demonstrates the attractiveness and
durability of our solutions which are deeply embedded in our HNW clients'
long-term wealth planning.

"We also made meaningful strategic progress. The full integration and rebrand
of Lombard International is now complete, and the announced sale of Utmost
Life and Pensions marks an important step in our evolution into a focused
specialist global wealth solutions provider. I am proud of our teams who have
delivered throughout the year to achieve these great results and significant
strategic milestones.

"As we look ahead with a sharpened strategic focus, a strengthened platform
and a diversified global footprint, we are confident in our ability to
capitalise on the structurally attractive growth opportunities in our markets,
serve the rising demand for advice-based, long-term wealth solutions globally,
and deliver sustainable growth and long-term value for our clients, partners
and shareholders."

 

                                        2025   2024
 UWS Assets under Administration, £bn   116.3  103.5
 UWS Gross Flows, £bn(2)                9.7    6.8
 UWS Net Flows, £bn(2)                  2.6    (0.7)
 Operating Profit, £m(1)                224    176
 Operating Cash Generation, £m(1)       177    142
 UWS Operating Profit Margin            46%    48%
 UWS Client Retention                   93%    92%

 

FINANCIAL AND STRATEGIC HIGHLIGHTS

-     Record flows, driving AUA growth

o  Delivered record inflows, leading to £2.6bn positive net flows in 2025

o  Double digit growth in six of our seven regions generating a +43% increase
in gross flows year-on-year

o  AUA grew by 12% supported by strong market and investment performance

 

-     Uplift in operating profit and cash generation

o  Driven by the addition of Utmost Luxembourg and disciplined cost
management across Utmost

o  Delivered £177m in operating cash generation for the year

 

-     Robust client retention reflects durability of solution

o  Client retention remained high, reflecting the multi-jurisdictional,
tax-efficient nature of our solutions, which are deeply embedded in clients'
long-term wealth planning and contribute to a resilient, recurring revenue
base

 

-     Divestment of Utmost Life and Pensions

o  Announced the sale of Utmost Life and Pensions to JAB Insurance, which
enables us to focus on our market-leading wealth solutions business. The
divestment sharpens our organisational focus and allows us to redeploy capital
and operational capacity to opportunities where Utmost has a clear competitive
advantage

OUTLOOK

Utmost enters 2026 well positioned to capitalise on the significant and
growing opportunities in the insurance-based wealth solutions sector. The
structural demand drivers for Utmost's products remain compelling:

·     An estimated $83 trillion of intergenerational wealth transfer is
expected to take place over the next 20 to 25 years, alongside a growing
global HNW population with increasingly complex, cross-border financial
planning needs. These dynamics are driving sustained demand for flexible,
transparent and multi-jurisdictional solutions(3)

·     Utmost's total market is expected to generate an additional £92
billion of new business over the next five years, and we are well positioned
to capture a meaningful share of this opportunity(4)

·     Utmost continues to invest in its operational infrastructure and
digital capabilities, recognising the significant potential of AI to enhance
the client and adviser experience, drive efficiencies and extend the
productivity of our teams

 

 

1. 2024 restated to exclude ULP

2. The 2024 comparator has been updated to include Utmost Luxembourg to enable
a more meaningful comparison between FY 2024 and FY 2025

3. Capgemini World Report Series 2025, Wealth Managements & UBS Global
Wealth Report 2025

4. NMG forecast from their 2025 Market Report. Metric based on GWP HNW and
international wealth planning total market (insurance solutions issued by
carriers domiciled in an international financial centre to customers residing
outside these centres)

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