Income, assets & membership rise at Cirencester Friendly

Published on

Cirencester Friendly has reported continued growth during 2015, with income, assets and membership all increasing.

Premium income rose from £14.9m in 2014 to £15.6m in 2015, an increase of 5.0%, whilst investment income was up 5.7% from £1.7m to £1.8m. Total income for the year was £17.6m, representing an increase of 5.2% on 2014’s figure of £16.7m.

94% of claims were paid in 2015, while £4.3m in bonuses was awarded to members from trading surpluses.

Paul Hudson (pictured), chief executive at Cirencester Friendly said: “I am thrilled that income, assets and membership have all increased in what has been another strong year for Cirencester Friendly.

“This is testament to the hard work and dedication of the Society’s employees, the strong relationships we have with advisers and our commitment to support our members when they need us most.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Alternative Bridging boosts commercial lending with refreshed bridging offer

Alternative Bridging Corporation has enhanced its commercial bridging proposition with a series of updates...

Jonathan Shaw joins RICS Scotland board

Jonathan Shaw, operations director at Harvey Donaldson & Gibson Chartered Surveyors, has been appointed...

LHV Bank reports 30% loan book growth following Q1 SME lending boost

LHV Bank has reported a marked acceleration in its UK lending activity, with its...

Gen H trims 5-year fixed rates in latest bid to support high-LTV borrowers

Lender Gen H has made further reductions to its mortgage pricing, shifting focus to...

Other news

Alternative Bridging boosts commercial lending with refreshed bridging offer

Alternative Bridging Corporation has enhanced its commercial bridging proposition with a series of updates...

Jonathan Shaw joins RICS Scotland board

Jonathan Shaw, operations director at Harvey Donaldson & Gibson Chartered Surveyors, has been appointed...

LHV Bank reports 30% loan book growth following Q1 SME lending boost

LHV Bank has reported a marked acceleration in its UK lending activity, with its...
Advertisement