Cirencester Friendly pays 95.7% of 2019 claims

Membership increased to over 42,000

Adam Saville
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Cirencester Friendly pays 95.7% of 2019 claims

Solvency and liquidity ‘remain strong’ and within board risk tolerances, balance sheet shows

Cirencester Friendly has reported that its membership increased to over 42,000 and premium income rose from £18.2m in 2018 to £19.9m in 2019, an increase of 9.1%. The mutual said 49% of this premium income was returned to members through claims, bonuses, interest and other benefits. Total funds reached £153.8m - a 6.3% increase on 2018 - it paid 95.7% of all claims last year. Paul Hudson, chief executive at Cirencester Friendly said: "I am pleased to report that premium income, membersh...

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