Royal London has reported that its net inflows totalled £4.1bn in 2025, as the mutual returned to growth following £1bn in outflows in 2024.

The group also announced an 18% rise in adjusted operating profit from £277m to £327m last year, which it said reflected “positive momentum” across the business.

Royal London, reporting its financial results covering the 12-month period to 31 December 2025, revealed that it grew its assets under management (AuM) to £83bn, up from £72bn a year previously.

Gross inflows increased to £42.5bn, compared to £31.8bn in 2024, as Royal London said it was boosted by flows into liquidity funds and a new £4.6bn multi asset mandate with St. James's Place last year.

“We recorded another strong performance in 2025 with operating profit up 18%, reflecting the positive momentum across our business,” Royal London CEO, Barry O’Dwyer, commented.

“This was supported by our first full year in the bulk purchase annuities market, where we secured a series of key transactions as trustees and advisers valued the stability and long-term commitment that a mutual can offer.”

Royal London also confirmed that it will return £199m to its customers via its ProfitShare offering available to customers with unit-linked policies.

This allocation, which is considered annually and depends on factors including financial performance, capital position, the risks and volatility of financial markets, marks a rise from the £181m the mutual returned to customers last year.

“We’re owned by our customers and, when we do well, they share in our success,” added O’Dwyer. “In April, we will share £199m with eligible customers through ProfitShare, bringing the total shared since 2007 to over £2bn – a tangible demonstration of mutuality in action.

“We continue to focus on helping customers to make informed choices to build lasting financial resilience. In 2025, we saw an increasing number of advisers choosing Royal London to meet customers’ protection needs and we broadened our savings offering for our individual and workplace pensions customers with the launch of our new stocks and shares ISA, which, like our pensions, qualifies for ProfitShare.”

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