Members of the Association of British Insurers (ABI) have invested around £17bn ($23bn) in UK productive assets in the 18 months since January 2024, getting closer to their pledge to invest £100bn between 2024 to 2034.
It comes as UK finance minister Rachel Reeves said insurers were “well on the way” to delivering the £100bn target in her third Mansion House speech yesterday, in which she emphasised her achievements in encouraging investment in the UK.
According to the latest update from the ABI, £6bn was invested in the first half of last year alone, following £10.9bn in 2024.
In the 2024 analysis, the ABI said the top three sectors invested in were real estate, utilities and transport at £3.8bn, £2.7bn and £1bn respectively. The ABI said a current breakdown was not available, but it hoped to be able to share one later this year.
Companies:Association of British Insurers
