Figures published in the Pension Insurance Corporation (PIC) 2025 SFCR reveal that the firm’s continued decrease in the Solvency Capital Requirement (SCR) is driving its Solvency II ratio higher for the second consecutive year.
A similar pattern was observed in the firm’s 2024 figures.
The firm’s eligible own funds to meet the SCR also declined in both years, but by a substantially smaller amount, resulting in the improved Solvency II ratio.
PIC’s capital has remained relatively stable over recent years, following substantial growth since the first SFCR was published in 2016.
