REASSURE LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. REASSURE LIMITED 2011-12-01 → present
2. WINDSOR LIFE ASSURANCE COMPANY LIMITED 1963-03-20 → 2011-12-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102, FRS 103

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result of this review, the Directors believe the Company has adequate resources to continue in operational existence over the going concern period assessed up to 30 June 2026. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. REASSURE LIMITED · parent
   1. Namulas Pension Trustees Limited 100% · England and Wales
   2. Gresham Life Assurance Society Limited 100% · England and Wales
   3. ReAssure Trustees Limited 100% · England and Wales
   4. ReAssure LL Limited 100% · England and Wales
   5. ReAssure PM Limited 100% · England and Wales
   6. 103 Wardour Street Retail Company 100% · England and Wales · commercial property entity
   7. Phoenix Life Assurance Europe 100% · Republic of Ireland

Significant events

• “In February 2023 it was announced that the Company's policies would be transferred from Alpha, the Company's in-house administration system, to an administration system managed by an outsource provider, Diligenta Limited, a subsidiary of Tata Consultancy Services Limited.”
• “On 21 November. 2024, the Board approved a capital reduction of £949m following shareholder approval and supported by a solvency statement from the Board, increasing distributable reserves through transfers from the Share Capital Account, Share Premium Account and Capital Contribution Reserve to the Profit and Loss Account.”
• “Climate change remains one of the greatest global challenges faced today. As a member of a purpose-led group the Company aims to play its part in delivering a net zero economy whilst delivering good outcomes for its customers.”
• “Solvency II as modified by the PRA's 2024 Reforms ("Solvency UK"), came into full effect for the year ended 31 December 2024 following further changes from 2023 based on consultation feedback, including matching adjustment changes.”
• “Following due consideration of the matters set out in Section 172, the Board approved the estate distributions for 2023.”
• “Following due consideration of the matters set out in Section 172, the Board approved the sale of its investment in the property unit trust.”
• “Following due consideration of the matters set out in Section 172, and recognising the well thought through and low-risk nature of the migration, the Board granted its approval to delegate authority to management to facilitate the final go-live decision.”
• “Following due consideration of the matters set out in Section 172, the Board approved the capital reduction and agreed to seek shareholder approval for the transaction to proceed.”
• “Following due consideration of the matters set out in Section 172 and evidence presented, the Board approved a Defined Statement of Compliance in relation to closed book products and position against the specified target outcomes.”
• “Following due consideration of the matters set out in Section 172 on each occasion, the Board approved the payments of dividends to the Group.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

3

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +7.9%

  £38,000,000 → £41,000,000

• Net assets

  -70.2%

  £1,367,000,000 → £407,000,000

• Employees

  —

  Not reported

• Profit before tax

  -11%

  £181,000,000 → £161,000,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers