Utmost Group has reported record inflows of £9.7bn for 2025, attributing the performance to its acquisition and integration of Lombard International.

In November, Lombard International was merged with Utmost’s international life assurance division and rebranded as Utmost Luxembourg. As a result, 2025 marks the first full year of integration for the enlarged Luxembourg business.

Growth in Assets and Scale

Inflows rose from £6.8bn in 2024 to £9.7bn in 2025. Meanwhile, assets under administration increased to £116.3bn, up from £103.5bn the previous year.

Chief executive Paul Thompson stated that the results demonstrate the benefits of the acquisition. He highlighted expanded operations, increased scale and combined capabilities as key drivers behind the record sales performance.

In addition, Utmost announced the sale of its bulk purchase annuity business to JAB Insurance in December. The group said the transaction enables a sharper focus on its core wealth operations.

Strategic Positioning in High-Growth Markets

Utmost operates across markets characterised by rising high-net-worth populations and increasing global wealth dispersion. Consequently, demand for flexible and cross-border investment solutions continues to grow.

Thompson pointed to long-term structural growth drivers, including rising wealth levels and greater financial sophistication among clients. Therefore, the group sees significant opportunity to capitalise on demand for tailored international life assurance solutions.

Following the full integration of Lombard International into Utmost’s international life assurance division, now rebranded as Utmost Luxembourg, Utmost has clearly demonstrated the benefits of the acquisition and is well positioned for further growth in 2026 and beyond.

What This Signals for the Market

The performance highlights a wider trend across international life assurance and wealth structuring markets. Strategic acquisitions that enhance jurisdictional capability and cross-border expertise can accelerate inflows and strengthen competitive positioning.

Moreover, integration discipline remains critical. Delivering tangible growth in the first full year post-acquisition sends a strong signal to the market.

For owners considering selling a business in the UK or internationally, this transaction reinforces a key theme. Buyers increasingly value scale, geographic reach and product depth, particularly in high-net-worth segments.

At Gunner & Co., we continue to monitor consolidation across wealth and international life assurance markets, as strategic positioning and buyer appetite remain closely linked to demonstrable growth and scalable operating models.