Utmost Group has delivered a strong financial performance for H1 2021 posting a £65m operating profit.
Utmost Group’s diversified business model enabled it to deliver profitable, sustainable growth as the Group embarks on the next phase of its development:
- New Business: Strong new business volumes totalling £1.3bn due to increased activity across the globe as economies emerge from the pandemic. Utmost International continues to focus on client outcomes and proposition development.
- Acquisition Activity: The proposed acquisition of Quilter International remains on track for completion in Q4 2021. The Group is progressing the regulatory approvals required to complete the acquisition and work continues at pace planning the integration of the business into Utmost International.
Paul Thompson, Group CEO, told B365: “Utmost Group has enjoyed a strong half-year with assets under administration up over 8% since H1 2020 and record new business volumes. Our colleagues have again demonstrated their commitment and resolve. We have a resilient business model, our financial position is strong and the outlook for the business is positive.
“We announced a significant acquisition in Quilter International in April 2021 and are well positioned to take advantage of further strategic opportunities as these arise, benefiting from the continued support of our shareholders. I look forward to the rest of the year with optimism about what we can achieve for our customers and investors.”