U K INSURANCE LIMITED

• ◆

  14 officer resignations in last 12 months

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

1. U K INSURANCE LIMITED 1987-12-08 → present
2. ULTRA KEEN INSURANCE LIMITED 1980-12-31 → 1987-12-08
3. ULTRA KEEN RECOVERY INSURANCE LIMITED 1978-12-31 → 1980-12-31
4. ULTRA KEEN RECOVERY LIMITED 1974-08-06 → 1978-12-31

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least twelve months (to 31 March 2027) from the date of approval of the financial statements. For this reason, the Directors continued to adopt, and to consider appropriate, the going concern basis in preparing the financial statements.”

Group structure

1. U K INSURANCE LIMITED · parent
   1. Churchill Insurance Company Limited 100% · United Kingdom · General insurance
   2. Direct Line Insurance Limited 100% · United Kingdom · Dormant
   3. The National Insurance and Guarantee Corporation Limited 100% · United Kingdom · Dormant

Significant events

• “On 1 July 2025, the Company, as a subsidiary of DLIG, was purchased by Aviva plc and became a member of Aviva Group.”
• “On 16 December 2025, the Company issued 300 million fully paid Ordinary shares of £1 each for cash consideration of £300 million. The proceeds were recognised as share capital.”
• “On 11 March 2026 the Bank of England announced that the PRA imposed a fine of £10.6 million on the Company in connection with a miscalculation of its Solvency II balance sheet during 2023 and 2024. The has been fully provided within note 22 in the 2025 accounts and will have no impact on customers, policies, claims or suppliers.”
• “A Part VII transfer of the Company's remaining insurance and reinsurance obligations relating to the sale of its Brokered commercial business to Intact Insurance UK Limited has been approved by the UK High Court on 25 February 2026 and by the Royal Court of Jersey on 7 March 2026 and is scheduled to take place on 1 April 2026.”

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

Filings

20

last 12 months

Capital events

1

last 24 months

Officers appointed

11

last 12 months

Officers resigned

14

last 12 months

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

• Turnover

  -10%

  £4,561,400,000 → £4,106,500,000

• Cash

  +39.1%

  £916,500,000 → £1,274,900,000

• Net assets

  +17.8%

  £1,729,100,000 → £2,036,100,000

• Employees

  —

  Not reported

• Operating profit

  -165.8%

  -£39,200,000 → -£104,200,000

• Profit before tax

  -93.6%

  £169,200,000 → £10,900,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers