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Fitch Ratings Revises Utmost Group’s Outlook to Positive

15 June 2023

Utmost Group is pleased to announce that Fitch Ratings have revised the Outlooks on its insurance subsidiaries IFS Ratings and Issuer Default Rating (“IDR”) to Positive from Stable. The IFS Ratings were affirmed at ‘A’ and IDR at ‘A-‘.

The Positive Outlook reflects the Group’s improving business risk profile, supported by the Group’s progress with the integration of Quilter International. The integration is on track to complete in line with the deadline set out at completion of Q4 2023.

The Outlook revision also reflects the Group’s increased scale, achieved whilst maintaining its strong operating profitability, robust capitalisation and conservative financial leverage. At YE 2022, the Group’s SCR Ratio was 191% (YE 2021: 177%), its Fitch Financial Leverage Ratio was 23% (YE 2021: 20%), and its Fitch-calculated Operating Return on Equity (“OROE”) was 14.3% (2021: 13.5%).

Please read Fitch Ratings press release here:

For further information, please contact:

Anne Marie Shepherd, Head of Strategy and Corporate Affairs

Tel: +44 (0)203 861 4347 / Email:

About Utmost Group plc

Utmost Group plc is a leading provider of insurance and savings solutions. Its principal businesses are Utmost International and Utmost Life and Pensions, which together are responsible for over £58bn of primarily unit-linked policyholder assets for around 530,000 customers. Utmost Group plc is subject to Group Supervision by the PRA.

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