Highlights include:

• 2010 transactions completed, up 16% year-on-year

• 10,937 units insured

• £4.6bn GDV

• £2.51bn total sum insured

• Current pipeline: £33.5bn in construction costs

• On track to place 20,000 units over the next 12 months

The past year has also seen a notable shift in deal profile. Sites with build costs of £10m–£25m increased by 25%, representing 6,664 units, while sites with build costs of £100m+ doubled, representing more than 13,000 units.

The nature of the insured projects breaks down into 61% build-to-sell; 12% build-to-rent; 11.3% self-build; and 0.5% commercial.

These results come against the backdrop of a housing market slowdown, heightened economic uncertainty, regulatory pressures from the Building Safety Regulator (BSR), and cost-conscious strategies from PLCs and large developers. Developers are also pivoting towards new areas such as conversions and build-to-rent schemes.

Operationally, developers face added complexity, with requirements to secure three warranty quotes while often lacking the knowledge, time, or expertise to evaluate providers effectively. Many also struggle to supply the detailed information needed to obtain quotes.

Alex Lyons, Commercial Director, said: “In an environment where developers face increasing pressures and shifting market conditions, our role has never been more vital. These results demonstrate the strength of our relationships, our deep market knowledge, and our ability to deliver value through clarity and service. With a pipeline of £33.5bn in construction costs, we are well positioned for continued growth in the year ahead.”

“I am extremely proud of the excellent work that our team is doing. Every department has adapted and shown the meaning of true partnership with our clients—more and more of whom view LBB as an embedded part of their ongoing success.

“We’ve laid the foundations for a busy 2025/26, with some notable appointments that we can’t wait to announce in the coming months.”