IFRS 17: Year three insights from UK life insurers

2025 was a year of change in the UK life insurance market, marked in particular by increased acquisition activity. Against this backdrop, the third year of IFRS 17 implementation signalled a period of accounting stability, alongside a continued focus on performance and execution across the sector.

Our latest publication, the fourth in our series since the introduction of IFRS 17, provides an in-depth analysis of the disclosures made by the UK’s largest life insurers in their 2025 full-year reporting.

The report also examines the UK Endorsement Board’s (UKEB) post-implementation review, which commenced this year and is expected to conclude by 1 January 2028. This represents the first substantive review of IFRS 17, preceding the IASB’s formal review.

Download the report to explore our detailed insights. If you would like to discuss any of the topics covered, please get in touch with our team below.

Download IFRS 17 FY25: Analysis for UK life insurers

Contact us

Anthony Coughlan

Partner, PwC IFRS 17 UK Reporting Lead, PwC United Kingdom

Tel: +44 (0)7764 902751

Alex Bertolotti

Global Insurance Finance Transformation Lead & UK Insurance Lead, PwC United Kingdom

Tel: +44 (0)7525 299694

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