Unlike more traditional insurance companies, we rarely rely on borrowing. We also have very limited exposure (under 0.2%) to with-profit and guaranteed products, which greatly reduces solvency risk from market declines. Being a part of Old Mutual plc, a FTSE®100 listed company, further underpins our financial strength.
The Prudential Regulation Authority (PRA) is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. Please see below the annual insurance returns submitted to the PRA:
> Skandia Life Assurance Company Limited Annual Returns
> Skandia MultiFUNDS Assurance Limited Annual Returns