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.”

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

Shawbrook broadens AVM use to accelerate bridging completions

Shawbrook has expanded the use of Automated Valuation Models (AVMs) across its bridging range,...

Selina Finance appoints new head of intermediaries to strengthen broker partnerships

Selina Finance has appointed Matthew Batte as head of intermediaries as the specialist lender...

Market Harborough unveils new larger loan products for complex cases

Market Harborough Building Society has launched a series of limited-edition mortgage products aimed at...

UTB completes £505,000 regulated downsizing bridge in seven business days

United Trust Bank (UTB) has completed a £505,000 regulated bridging loan in just seven...

Landlords warn of rising rents and tighter screening as Renters’ Rights Act takes effect

Most landlords plan to raise rents and tighten tenant selection in response to the...

Latest publication

Other news

Shawbrook broadens AVM use to accelerate bridging completions

Shawbrook has expanded the use of Automated Valuation Models (AVMs) across its bridging range,...

Selina Finance appoints new head of intermediaries to strengthen broker partnerships

Selina Finance has appointed Matthew Batte as head of intermediaries as the specialist lender...

Market Harborough unveils new larger loan products for complex cases

Market Harborough Building Society has launched a series of limited-edition mortgage products aimed at...