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PIC is a specialist insurer which has become a leader in the UK pension risk transfer market ('PRT') by focusing on our purpose, which is to pay the pensions of our current and future policyholders.

2021 Full Year Results


PRT new business volumes


Total portfolio


Solvency II ratio


Adjusted operating profit before tax


Shareholder equity own funds


Market Consistent Embedded Value ('MCEV')

Our overall strategy is focused on the growth potential of the UK PRT market.

Our strategic objectives

Financial strength and cost efficiency

  • maintain a scalable business model that optimises internal and external resources


  • deliver attractive risk-adjusted total shareholder returns

Reputation and conduct

  • ensure that our behaviours reflect our values through the delivery of market-leading customer service

Growth and focus

  • grow the value of the business on a focused, secure and sustainable basis


PICG Annual Report and Accounts 2021

PICG Full Year 2021 Results video

Watch our Chief Executive Officer, Tracy Blackwell and Chief Financial Officer, Dominic Veney, discuss the PICG 2021 Full Year results.


PICG Full Year 2021 Results press release

Pension Insurance Corporation Group announces its financial results for the 12 months to 31 December 2021.




PICG Full Year 2021 Results – bondholder presentation

Overview of PICG’s Full Year 2021 results.






PICG 2021 Full Year 2021 Results – bondholder webcast

Our Chief Executive Officer, Tracy Blackwell and Chief Financial Officer, Dominic Veney, go through PICG’s 2021 Full Year results.(Registration required).

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