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PIC grows H1 profit amid “very busy” pension risk transfer market

September 14, 2021

Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds, has reported improved profitability over the first six months of 2021, amid what CEO Tracy Blackwell describes as a “very busy” pension risk transfer market.

The company posted adjusted operating profit of £221 million in H1, compared with £187 million during the same period last year.

Its solvency ratio also remained stable at 157%, which PIC says shows the durability of its balance sheet in what continues to be volatile market conditions.

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