Household spending on life insurance in the UK 1997-2023

Published by Jennifer Rudden, Apr 16, 2025

Household spending on life insurance in the United Kingdom dropped between 2022 and 2023. The total amount of household expenditure spent on life insurance amounted to 9.3 billion British pounds in 2023, down from 9.9 billion British pounds two years earlier.

Household expenditure on life insurance in the United Kingdom from 1997 to 2023 (in billion GBP)

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Release date

February 2025

Region

United Kingdom

Survey time period

1997 to 2023

Supplementary notes

Household final consumption expenditure. Figures based on current prices and are seasonally adjusted.

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