Legal & General saw its individual protection new business rise last year driven by consumer demand while the group offering flatlined.
The insurer also revealed that a successor to departing chief risk officer Chris Knight has been identified and will be announced shortly.
New business in its individual protection arm reached £159m in 2025 – 3.3% higher than the £153m it recorded a year earlier.
This gave the insurer a market share of 18.5% and helped the group to earn retail gross protection premiums of £1.55bn, up from £1.53bn, year-on-year.
In contrast the group risk business remained at £110m in 2025, unchanged from the previous year.
Last month Health & Protection revealed the insurer was significantly cutting back on the volume of quotes it was issuing for group critical illness schemes.
In total over 2025 new protection premiums rose to £269m, up from £263m in 12 months, making its total protection business worth £2.12bn, compared to £2bn in 2024.
Legal & General said that it had focused on writing strong volumes at disciplined margins.
In 2025, the insurer increased IFRS new business margin across its protection businesses to 7.2% from 5.6%, year-on-year.
Last year it also collected £1bn from selling its US protection business.
For the wider group, profit after tax jumped 210% to £592m compared to £191m in 2024, while it has £1.2bn of assets under management.
However, core operating profit grew by 6% year-on-year to £1.62bn, which fell short of the £1.65bn the market was expecting.
