Cirencester Friendly has released its 129th Annual Report and Accounts, showing continued growth during 2018, with premium income, membership and funds under management all increasing.
Premium income rose from £17.3m in 2017 to £18.2m in 2018, an increase of 5.2%. Being a mutual organisation, which is owned by and run for the benefit of its Members, almost 50% of this premium income was returned to Members through claim benefit, bonuses, interest and other benefits. Total funds hit £144.7m, a 4.3% increase on 2017.
2018 saw 95.2% of all claims paid, during a year which also saw improvements to one of the Society’s income protection contracts, My Earnings Insurance, which was relaunched as My Earnings Protected. This upgraded contract continues with the Society’s theme of providing long term cover. In addition, Member Rewards, a portfolio of money-saving discounts and offers was added to the growing suite of Member Benefits.
NB: The Society is in the process of moving operations from its two existing sites in Cirencester to a modern purpose-built office in South Cerney just three miles from Cirencester.
The Society is currently de-commissing old servers at its existing offices and during the process there will be temporary fluctuations in both technology and communications capability.
The Society apologises for any inconvenience during the move.
Any questions or queries please contact Customer Care on 0800 587 5098.
