QRT data extracted from 500 SFCRs for the year-end 2024 point to a downward trend in the solvency ratios of European and UK insurers.
56 percent of the sample reported a lower solvency ratio in 2024 relative to 2023.
European insurers report under Solvency II in Europe and Solvency UK in the UK and Gibraltar.
Solvency ratio of insurance groups 2024
The trend is more pronounced in the sample of group companies, where 68% reported a lower ratio in 2024.
However, Initial figures using a smaller sample suggested group solvency ratios were on the rise in 2024 and a larger sample will be required to determine the full 2024 market trend.
List of the 2024 SFCR and solvency ratios of the Insurance groups used in the sample
Company, Solvency ratio: 2024, 2023
Acorn Life SFCR 162% 182%
Admiral SFCR 182% 196%
Aéma Groupe SFCR 171% 200%
AIG SFCR 178% 186%
ASR SFCR 198% 176%
Aviva SFCR 188% 184%
CNP SFCR 237% 253%
Direct Line SFCR 197% 197%
Discovery SFCR 122% 146%
EAL SFCR 139% 135%
esure SFCR 151% 172%
Evolution SFCR 172% 197%
First European SFCR 495% 462%
Just SFCR 197% 211%
L&G SFCR 224% 232%
Lægernes Pension SFCR 256% 265%
Länsförsäkringar Grupp SFCR 135% 136%
LB Foreningen SFCR 195% 196%
LV= SFCR 197% 187%
M&G SFCR 167% 168%
Munich Re SFCR 289% 292%
Mutuelle Generale SFCR 253% 259%
NN Group SFCR 194% 197%
Phoenix SFCR 154% 151%
PIC SFCR 211% 237%
Quilter SFCR 271% 219%
Rothesay SFCR 273% 261%
Royal London SFCR 206% 196%
RSA SFCR 165% 176%
Scottish Widows SFCR 167% 149%
Simplyhealth SFCR 365% 402%
St James’s Place SFCR 188% 190%
Weekly Lunchtime Webinar: 2024 SFCRs weekly reporting update
Wednesday 16 & 23 April 2025, 12.00 UK / 13.00 CET
A weekly update on the state of the Solvency II and Solvency UK 2024 SFCR reports, including early market analysis from Solvency II Wire Data.
