This report on life insurance reviews the solvency and financial condition reports (SFCRs) for year-end 2024, published in 2025.

Our analysis of the European and UK life insurance market covers 660 companies from 32 countries and three territories, representing approximately £777 billion (€937 billion) of gross written premium (GWP) and approximately £7.311 trillion (€8.816 trillion) of gross technical provisions (TPs). This represents a 2% decrease in the number of companies, a 1% increase in gross TPs, and an 8% increase in GWP relative to our year-end 2023 SFCR report, suggesting that overall life insurance sales by premium amount were higher in 2024 than in 2023.

In separate sections focused on Europe and the United Kingdom, the report analyzes key areas including:

• Balance sheet management - assets, liabilities, and reinsurance
• Gross written premiums, incurred claims and expenses
• Own funds
• Solvency coverage - analysis of solvency capital requirement (SCR) and the minimum capital requirement (MCR) across European countries
• Long-term guarantee measures