and our newly formed Healthcare business wrote over £4m between SME and Individual. So a big thank you to all firms within Paradigm Protect who contributed to that success. The Market In June, we were given access to the Swiss Re Market Report which has become the yardstick for measuring the growth or otherwise in the protection market for each calendar year. We also receive data sources from other areas to help build a picture of the intermediated market. So the “highlights” below come from a variety of sources but predominantly the Swiss Re Report. They are: • Total Term Assurance sales decreased with a sustained drop in Level Term Assurance sales. • Decreasing Term Assurance and Relevant Life sales, however, saw growth. Sales of term assurance with Critical Illness continued to fall, predominantly decreasing term with Critical Illness policies. • Income Protection sales continue to grow. There was impressive growth in sales of “full term” Income Protection, and one to two year Limited Payment Term products. • Sales of Guaranteed Acceptance Whole Life numbers declined slightly. This market is yet to recover from the substantial drop in 2022. In addition we saw: • Intermediated Sales: Slight rise in all areas but term. • AVERAGE Term Prices dropped by 5%. Mike Allison Director of Protection Paradigm Protect Protection Market Update 04 SUMMER PROTECT NEWSLETTER Welcome to the latest edition of the Paradigm Protect Newsletter! As ever, we bring you some different perspectives, and I think the Guardian article on looking after existing Customers via their Cover upgrade is a real positive message Paradigm Protect Results You may have read in the Press recently that our Parent Company Tatton announced its trading figures for Year ended March 2025. Key Highlights for the Group were: • AUM/I3 increased by 24.0% to £21.825bn (2024: £17.604bn). Current latest AUM/ I3 at June 2025 £22.941bn (AUM3 £21.940bn). • Record organic net inflows of £3.687bn (2024: £2.303bn), an increase of 22.3% of opening AUM, with an average run rate of £307m per month (June to date, 10 weeks: £611m, or equivalent to £265m per month). • Paradigm Mortgages participated in mortgage completions totalling £14.2bn (2024: £13.1bn), an 8.1% increase year on year. As part of those results: Paradigm Protect increased Individual Protection AP Year on Year by 24%. In addition Group Risk was circa £1.4m through our Partnership with UNUM alone,
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