Account update approval 2023 4 September, 2024

2023: A Year of Resilient Growth

Sterling Assurance recorded significant progress in the 2023 financial year, achieving growth across key performance indicators despite operating in a challenging economic environment.

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  Profit before tax closed the year at ?794 million, up from ?601 million in 2022, representing a growth rate of 32%.

  
  


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  Gross Written Premiums rose from ?4.9 billion in 2022 to ?5.9 billion in 2023, a 20% increase.

  
  


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  Total Assets expanded from ?6.703 billion in 2022 to ?8.922 billion in 2023, representing a growth rate of 34%.

  
  

This strong performance reflected improved underwriting discipline, prudent investment decisions, and enhanced customer trust in the Sterling Assurance brand.