The real difference ProfitShare can make

4 November 2022
We shared £169 million with 1.9 million customers in April.

We announced our 2022 ProfitShare award in March. We are proud to have shared £169 million with qualifying customers. This year's award was £23 million higher than in 2021, demonstrating our financial resilience during difficult times. 

Awarding ProfitShare for the sixth year running

It's important we strike the right balance between investing in our business, maintaining our robust financial position and the level of any ProfitShare award. We believe taking this approach helps advisers and their clients have confidence in us to make the right decisions.

Everything we do is for the long-term benefit of our customers and our business. We made our first ProfitShare award in April 2017, and we’re delighted to have boosted customers’ pension savings every year since - sharing a total of £861 million of our profits. 

ProfitShare award1 £169m £146m £140m £150m £142m £114m
ProfitShare rate 0.15% 0.15% 0.15% 0.18% 0.18% 0.18%

1The ProfitShare amounts shown include awards made to with profits customers. These customers received a 1.2% enhancement in 2022. 

Read our leaflet to find out more about ProfitShare and how it works.

Remember that ProfitShare isn’t guaranteed. Your clients could get more or less than this. However, once we’ve awarded ProfitShare, we’ll never ask for it back.

ProfitShare and mutuality

In 1861, Royal London was established by working people to help families to protect themselves from the shame of suffering a pauper’s funeral. Although our business has grown and developed over the years, our purpose as a mutual has never been more relevant. We help families in the UK and Ireland to protect what they have today and invest in a better tomorrow. We are responsible stewards of our customers’ money. As a mutual, our customers get to share in our success. 

Being a Royal London member

Barry O'Dwyer, Group Chief Executive, Royal London 

Today all financial organisations in the UK fall into two main groups – public limited companies (PLCs) and mutuals. Founded 1861, we are the UK’s largest mutual life, pensions and investment company.

We’re a different kind of financial services company because unlike our main competitors, we don't have shareholders. Instead, we're owned by our members. And as a purpose-driven modern mutual, we believe we can help our customers and wider society protect today and invest in tomorrow.

ProfitShare is just one of the ways we express our mutuality and we do it because we want our customers to feel the benefit of being with us.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.