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July 02, 2015 11:11 PM ET

Insurance

Company Overview of The Royal London Mutual Insurance Society Limited

Company Overview

The Royal London Mutual Insurance Society Limited provides life assurance and pension products in the United Kingdom and internationally. The company offers pensions and other retirement products to individuals and employer pension schemes; protection products; and investment management services to external clients, including pension funds, local authorities, universities, and charities, as well as individuals. It also provides life, critical illness, and income cover insurance; and operates Ascentric, an online ‘Wrap Platform’, which offers investment administration and consolidation services to financial advisers, as well as distributors and product providers. The Royal London Mutual Insur...

55 Gracechurch Street

London,  EC3V 0RL

United Kingdom

Founded in 1861

3,000 Employees

Key Executives for The Royal London Mutual Insurance Society Limited

Group Chief Executive and Director
Age: 50
Finance Director, Director and Member of Investment Committee
Chief Executive Officer of Wealth and Executive Director
Age: 54
Chief Executive of Consumer Division
Chief Executive of The Intermediary Business Division
Compensation as of Fiscal Year 2015.

The Royal London Mutual Insurance Society Limited Key Developments

The Royal London Mutual Insurance Society Limited, Annual General Meeting, Jun 10, 2015

The Royal London Mutual Insurance Society Limited, Annual General Meeting, Jun 10, 2015.

Royal London Group Appoints Toby Bainbridge as Head of Reinsurance

Royal London Group has appointed Toby Bainbridge as head of reinsurance, which is a new role in the group's intermediary division, based in Edinburgh. Bainbridge joins Royal London from Legal & General, where he was head of reinsurance for its insurance business. Earlier in his career, he spent 10 years at Munich Re working in a number of roles from underwriting to business development. He started his new role with Royal London at the beginning of April, with an immediate focus on improving the intermediary protection business's reinsurance management. Bainbridge will also manage two key teams: underwriting and claims philosophy, and underwriting rules development.

Royal London Group Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014 and Company Cash Flows Results for the Year Ended December 31, 2014

Royal London Group announced unaudited consolidated earnings results for the year ended December 31, 2014 and company cash flows results for the year ended December 31, 2014. For the year, on EEV basis, on consolidated basis, the company reported operating profit before tax from continuing operations and exceptional items of £220 million against £196 million a year ago. Total operating profit before tax from continuing operations was £159 million against £346 million a year ago. Total operating profit before tax was £159 million against £306 million a year ago. EEV profit before tax from continuing operations was £195 million against £465 million a year ago. EEV profit after tax from continuing operations was £160 million against £429 million a year ago. Total EEV profit after tax was £160 million against £391 million a year ago. On IFRS basis, the company reported negative net earned premiums of £576 million against positive net earned premium of £726 million a year ago. Total revenues £7,510 million against £4,903 million a year ago. Result before tax from continuing operations was £356 million against £445 million a year ago. Net cash inflows from operating activities-continuing operations were £835 million against net cash outflows from operating activities-continuing operations of £693 million a year ago. Total net cash inflows from operating activities were £835 million against total net cash outflows from operating activities of £735 million a year ago. Acquisition of property, plant and equipment was £15 million against £4 million a year ago. For the year, on company basis, the company's net cash flows from operating activities-continuing operations were £498 million against net cash outflows from operating activities-continuing operations of £658 million a year ago. Total net cash inflows from operating activities was £498 million against total net cash outflows from operating activities of £658 million a year ago.

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