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PG Mutual, Announces Record Results for Fifth Year in a Row – With Members First to Benefit

Posted by / July 10, 2014

Income protection insurance specialists, PG Mutual, are delighted to announce yet another year of record results in 2013 – the fifth year in a row in which the Society has seen premium growth. Despite many financial services providers struggling over the past few years, PG Mutual has continued to flourish, with increases in new members, premiums and the Society’s balance sheet. These record results are not just good news for the Society, but also for their members – with an 11% increase in bonuses (bonus per share) given to each insurance member this year.

2013 saw an 8% increase in premiums in comparison to the previous year, and a 10% increase in total policies. The Society also saw a 9% increase on their balance sheet – a record increase on previous years. The Society is also pleased to report that over the past three years, they have paid 98% of all claims made. With increases, bonuses and the excellent payment record of claims made by members, 2013 has been a good year to be part of PG Mutual.

PG Mutual’s Chief Executive Officer, Mike Perry, said, “The team at PG Mutual have been working harder each year to improve on the previous year’s performance, and I’m delighted that we have once again achieved this. As a member-focused organisation, it is always our priority not just to provide the best possible products and services for new members, but also to continue to grow in order to reward our current members for their loyalty. Being able to give something back to the people who have invested in our income protection policy is greatly rewarding, and is one of the reasons we are always striving to grow and develop the Society further.

This year has not only seen record growth; we have also been able to offer a range of new deals on other financial products and services, and have been working on the redevelopment of our website to make it even more efficient and informative for prospective and current members. We are in the process of carrying out a member survey to gain feedback on how we are doing, and hope to continue the success of the past few years even further in 2014.”

For PG Mutual’s full financial statements, reports and accounts, please visit www.pgmutual.co.uk/Corporate-Information/.  

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