JAB Insurance to Acquire Utmost Group’s Life and Pensions Business
December 22, 2025
JAB Insurance entered into a definitive agreement to acquire Utmost Group plc’s Life and Pensions business (ULP), a UK life and pensions platform serving approximately 290,000 pensioners and holding more than £5 billion of assets under management. The acquisition targets a UK Bulk Purchase Annuity (BPA) franchise, with ULP having completed 11 full buy-ins totaling £311 million since entering the market in late 2024. The deal is subject to regulatory approvals and customary closing conditions and is expected to close in the first half of 2026.
- Buyers
- JAB Insurance
- Targets
- Utmost Group plc — Life and Pensions business (Utmost Life and Pensions, ULP)
- Sellers
- Utmost Group plc
- Industry
- Healthcare Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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