GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Net Policyholder Benefits/Claims

Virgin Money UK (Virgin Money UK) Net Policyholder Benefits/Claims


View and export this data going back to 2016. Start your Free Trial

What is Virgin Money UK Net Policyholder Benefits/Claims?

Net Policyholder Benefits/Claims only applies to insurance companies.


Virgin Money UK (Virgin Money UK) Business Description

Industry
Address
177 Bothwell Street, Glasgow, GBR, G2 7ER
Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.