Cirencester Friendly records increased membership, premium incomes in 2020

94% of claims paid last year

John Brazier
clock • 1 min read
Cirencester Friendly records increased membership, premium incomes in 2020

Friendly society membership rose to 43,000 last year as 94% of individual income protection claims were paid out

Cirencester Friendly recorded growth in memberships and premium incomes throughout 2020 despite "difficult trading conditions." The insurer saw memberships rise to over 43,000 and premium income grow from £19.9m in 2019 to £21.4m in 2020, an increase of 7.5%, during 2020. Over 45% of premium income was returned to Members through claims, bonuses, interest, and other benefits, while total funds reached £159.9m, a 4% increase on 2019. In March, the friendly society detailed that it had paid...

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