The insurance and long-term savings sector has invested £22.8bn in UK productive assets since 2024, putting it more than a fifth of the way towards its £100bn investment commitment, according to the Association of British Insurers (ABI).

The latest update from the ABI showed that £11.5bn was invested during 2025 alone, as the sector continued to deploy long-term capital into areas including housing, utilities and transport infrastructure.

The £100bn pledge was made by annuity providers following reforms to the prudential regulatory regime, now known as Solvency UK, which were intended to make it easier for insurers and long-term savings firms to invest in productive assets.

Over the first two years of the commitment, the largest allocation was to real estate, with £9bn invested in areas including affordable and social housing and student accommodation.

A further £5.3bn was invested in utilities, including energy and water supply, while £1.8bn went into transport, storage and construction, covering areas such as ports, buses and rail transport.

The ABI noted that investments made during the period had also supported temporary accommodation for vulnerable residents, education facilities and water infrastructure serving around 2.5 million people across North West England.

The industry body added that its members were continuing to engage with regional authorities and the wider investment community to identify further opportunities, particularly those supporting green investment and economic growth.

However, it stressed that maintaining a stable and predictable pensions policy environment would be important in giving long-term investors the confidence needed to continue investing at scale.

Economic Secretary to the Treasury, Lucy Rigby, said: “It’s very good to see that insurers are on track to deliver on their pledge to invest £100bn in UK productive assets, like energy, housing and infrastructure projects.

“These are tangible investments which are driving economic growth and positive change in communities across the country.”

ABI director general, Hannah Gurga, added: “Two years into this pledge, firms have already invested almost £23bn into projects that make a real difference across the UK, from new homes and student accommodation to major water infrastructure and education facilities.

“This is exactly the sort of long-term investment our sector is well placed to provide.”

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