Holloway Friendly pays out £5m in 2024

20% increase year on year

Cameron Roberts
clock • 1 min read

Mutual, Holloway Friendly has released it s claims statistics report which showed that it paid £5.13 million to members in 2024.

The figure represented a 20% rise year on year according to the mutual. It said it supported 600 members who were too unwell to work over the year. Holloway Friendly paid out at a rate of 88.3% in 2024, up from 86.3% the previous year. Of those who were not paid, the reasons for which were mainly non-disclosure and policy condition not met, according to the mutual. Of those who made a claim, the top conditions were musculoskeletal issues (31.4%), mental health conditions (12.33%) and joints and tendons injuries (8.9%). John Roberts director of distribution Holloway Friendly said...

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