Canada
Ireland
Financial highlights
Another strong year of performance
- Ecclesiastical delivered a profit before tax of £84.6m (2024: £82.5m). This reflects an insurance service result of £104.7m and an investment result of £91.0m, supported by positive market conditions and disciplined portfolio management.
Sustained premium growth
- Gross written premiums (GWP)** increased by 2.1% to £653.7m (2024: £640.3m) driven by strong new business growth in the UK and solid retention across our specialist segments.
Robust underwriting performance
- Underwriting profit** rose to £62.2m (2024: £47.6m). As in 2024, the year saw an unusually low level of weather related and large loss activity, with underwriting performance remaining robust across all territories. As the insurer of many iconic and irreplaceable buildings we recognise the inherent volatility in the annual results.
Strong capital position
- The EIO Group’s financial strength remains solid. Both Moody’s (A2, stable outlook) and AM Best (A, stable outlook) reaffirmed our credit ratings, and our Solvency II coverage ratio at 252% remains well above regulatory requirements and our own conservative risk appetite thresholds.
Key achievements
Giving to good causes
- Ecclesiastical donated over £28m to charity and good causes during 2025. This brings total giving since 2014 to over £275m, further advancing the ambition of our parent, Benefact Group*, to contribute meaningfully to communities and good causes across the UK and beyond.
Growth in specialist markets
- Ecclesiastical deepened its presence in its core sectors and expanded into new areas where specialist expertise delivers genuine value. This included enhancements to our Schemes proposition, growth in Care & Leisure and Arts & Culture portfolios and continued investment in services for commercial customers. Ecclesiastical’s reputation as trusted specialists remains one of our strongest differentiators, reflected in further industry recognition throughout the year.
Continued recognition for trusted service
- For the fifth consecutive year, Ecclesiastical UK received the Outstanding UK Claims Service Quality Marque from independent research consultancy Gracechurch. The business also retained its long held position at the top of Fairer Finance’s rankings, securing 1st place for the 22nd consecutive time.
A culture that sets us apart
- Benefact Group has recently been named one of the Top 4 "Best Big Companies to Work For" and the #2 Insurance Company by Best Companies. In Canada, Ecclesiastical was named a Greater Toronto Top Employer for the eighth consecutive year and was recognised as a Leader in Philanthropy and Community Engagement by Imagine Canada for the fifth year in a row. These achievements reflect a culture centred on specialist capability and deep commitment to the communities we serve.
"I’m very pleased to report another year of strong financial performance for Ecclesiastical Insurance Office public limited company. We continued to deliver on our strategy of sustainable, profitable growth while staying true to our purpose - to grow our business so that we can give more to good causes. That purpose has once again guided our decisions and inspired our teams, enabling us to support even more charities and communities across the UK and beyond.
"Thanks to our strong financial performance, we have been able to donate over £28m to good causes this year. This contribution will support vital projects for those facing the greatest challenges in society. Having now donated over £275m since 2014, we have now surpassed our target to give £250m and have become one of the largest corporate donors to charity in the UK.
"Our General Insurance business delivered an underwriting profit of £62.2m, an increase on last year, supported by unusually benign weather conditions and the absence of major losses. While this is a welcome result, it is important to recognise the inherent volatility of our specialist markets. As the insurer of many iconic, historic and irreplaceable buildings, we are acutely aware of the responsibility we carry and the potential for significant losses. In recent years we have supported customers through devastating fires, floods and storms, and these events remain a powerful reminder of why our long-term, disciplined approach is so essential.
"We remain committed to delivering good value and uniquely specialist propositions to our customers, ensuring we are there for them when they need us most. I congratulate my colleagues on their simultaneous recognition as one of the most trusted insurers in the UK, one of the best employers and one of the largest corporate donors. These achievements provide an excellent foundation upon which we can both grow our business and grow our giving.
"I want to express my heartfelt thanks to our colleagues, brokers, customers, and partners. Your support and belief in our mission not only drives our success, but also enables us to make a lasting, meaningful difference in people’s lives. As we look ahead to 2026, we remain committed to delivering brilliant service, driving sustainable growth, and continuing to build a legacy of good that will endure for generations."
* The ‘Group’ or ‘EIO Group’ refers to Ecclesiastical Insurance Office public limited company together with its subsidiaries. The ‘Benefact Group’ and ‘wider group’ refers to Benefact Group plc, the immediate parent company of Ecclesiastical Insurance Office public limited company, together with its subsidiaries. The ‘Benefact Trust’ and ‘the Trust’ refers to Benefact Trust Limited, the ultimate parent undertaking of Ecclesiastical Insurance Office public limited company.
**The EIO Group uses Alternative Performance Measures (APMs) to help explain performance.