EY: 2022 was worst year on record for UK home insurer profitability


The UK home insurance market faced the worst performing year on record in 2022 with a loss-making net combined ratio of 122%, according to EY’s annual UK Home Results Analysis.

Over the next two years, consumers are expected to see premiums rise by over a third as further losses are forecasted across 2023 and 2024.

In last year’s report, EY forecasted UK home insurers to make a loss of 116% NCR in 2022. The highest level seen previously was in 2007 when the NCR was 118%.


UK home insurers 2022 balance sheets were hit by weather events, high inflation, supply chain pressures and rising claims frequency, the consultancy commented.

The Financial Conduct

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: