Utmost Wealth Solutions grew assets under management to £107bn in the first half of 2025, up from £103.5bn at the start of 2025.
The provider of insurance-based wealth solutions posted its half-year results this morning (August 12).
This showed outflows of £3.3bn were offset by inflows of £5.3bn.
Net flows of £2bn were up from £1.1bn in the same period last year, when the company saw inflows of £2.6bn and outflows of £3.7bn.
Paul Thompson, Utmost Group CEO, said: “Utmost has continued to build on the growth that we experienced in the second half of last year to deliver a record breaking first half.
“We have capitalised on our acquisition of Lombard International, realising £2bn in net flows driven by a doubling of gross inflows compared to the same period last year.”
At the end of 2024, the company completed its purchase of Lombard International, which has been renamed to Utmost International and become the international life assurance business of the group.
The deal will add £43bn of assets under administration and more than 20,000 policies to Utmost.
The company did not disclose the cost of the deal but it was financed by a £200mn bank loan with the remainder covered by existing cash reserves.
Thompson added: “This performance is a testament to the benefits of combining Lombard with Utmost, the capability of our teams and the clarity of our strategy.
“We have continued to execute with discipline, focusing on delivering robust long-term value and capitalising on broader macroeconomic trends.
Half-year results for the wider Utmost Group are expected to be published in September.
tara.o’connor@ft.com
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