UK mutuals generate more than £130bn income annually

Touching the lives of one in three people

Adam Saville
clock • 2 min read

Parliamentary Group launches Mutual Economy Report

Cooperative and mutual businesses account for around £133.5bn of income annually in the UK - and touch the lives of one in three people - a new report published by the All-Party Parliamentary Group for Mutuals has revealed. The Mutual Economy Report shows that friendly societies and mutual insurers generate £19.6bn a year, the fourth highest amount out of the various types of mutual sub-sectors that exist, with NHS foundation trusts making the most amount of income (£52bn) and cooperatives ranking second (£36.1bn). Housing associations contribute the third highest amount of income to the...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Insurers paid out £8bn in protection claims in 2024

Insurers paid out £8bn in protection claims in 2024

ABI and GRiD data

Jaskeet Briah
clock 14 July 2025 • 2 min read
BHSF joins amii

BHSF joins amii

New corporate member

Cameron Roberts
clock 11 July 2025 • 1 min read
Life insurance premium growth to drop to 1% in 2025

Life insurance premium growth to drop to 1% in 2025

Swiss Re research

Cameron Roberts
clock 09 July 2025 • 1 min read