Cirencester Friendly has released its 127th Annual Report and Accounts, which reveals 'accelerated' growth during 2016, with income, assets and Membership all increasing.
Premium income rose from £15.6m in 2015 to £16.3m in 2016, an increase of 4.4%, whilst investment income was up 11% from £1.8m to £2.0m. Total income for the year was £21.7m, representing an impressive 23.3% increase on 2015's figure of £17.6m. Being a mutual organisation, £4.7m in bonuses were awarded to the Members from trading surpluses, which is an increase from the £4.3m paid in 2015. In excess of 94% of claims were paid in 2016, the mutual said. During the year, the Society placed...
'Whatever else changes in the world there are always lies, damned lies and insurance sales figures'
Totalling £3.4 million
52% y-o-y growth
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