CII reports consolidated operating surplus of £3.3m for 2021

Revenue increase from educational activities

clock • 1 min read
CII reports consolidated operating surplus of £3.3m for 2021

The Chartered Insurance Institute (CII) has declared a consolidated operating surplus of £3.3m for 2021, as compared with a £4m operating deficit in 2020, according to its latest financial statement.

The financial report highlighted a £2.2m increase in revenue from qualifications and educational activities in 2021. Costs were saved, it said, as a result of local Institutes opting to voluntarily utilise their reserves before taking additional grant payments as well the CII's move from two offices to one last year, which led to reduced operating costs by £5.17m. The CII said the move was aided by its transformation over the last five years, allowing its staff to work from anywhere. ...

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