Cirencester Friendly has reported continued growth during 2015, with income, assets and membership all increasing.
Premium income rose from £14.9m in 2014 to £15.6m in 2015, an increase of 5.0%, whilst investment income was up 5.7% from £1.7m to £1.8m. Total income for the year was £17.6m, representing an increase of 5.2% on 2014’s figure of £16.7m.
94% of claims were paid in 2015, while £4.3m in bonuses was awarded to members from trading surpluses.
Paul Hudson (pictured), chief executive at Cirencester Friendly said: “I am thrilled that income, assets and membership have all increased in what has been another strong year for Cirencester Friendly.
“This is testament to the hard work and dedication of the Society’s employees, the strong relationships we have with advisers and our commitment to support our members when they need us most.”