Cirencester Friendly pays 95.7% of 2019 claims

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, membership and funds under management have all increased in what was a very successful year for Cirencester ...