They are going for growth at National Friendly, here’s the latest news;
National Friendly, the long-established mutual insurer founded in 1868, has successfully secured €15 million in Tier 2 capital financing, marking a major milestone in the Society’s strategic transformation. The capital raise, sourced from a syndicate of European insurers and pension schemes, will power National Friendly’s ambitious growth agenda -accelerating product innovation, expanding distribution, and reinforcing its mission to deliver inclusive, value-driven protection to more people across the UK.
This strategic funding arrives during what has already been a standout year for National Friendly enabling confident investment in the next phase of expansion and further strengthening its balance sheet. The financing is structured on highly competitive terms and with a 10-year maturity date.
Graham Singleton, CEO of National Friendly, commented:
“This is a transformational moment for National Friendly. Securing €15 million in Tier 2 capital gives us the financial flexibility to invest boldly in our strategic priorities – building innovative, affordable insurance solutions and extending our reach to underserved communities. The fundamental human need to protect loved ones during times of sickness, accident, or death remains as strong today as it was in 1868, and we are proud to meet that need with relevance and compassion.”
Mark Searles, Chair of National Friendly, commented:
“The Board are delighted that the financiers have demonstrated their active support for the Society’s evolving strategy with strong growth at its centre. As a mutual insurer committed to putting its members first, National Friendly continues to re-establish itself as a leading Friendly Society in the UK protection space. The Society’s forward-looking strategy centres on providing accessible, affordable, and inclusive insurance, focusing on the events most likely to affect working individuals and families and the funding will be utilised to accelerate this objective.”
For more information on National Friendly, please visit www.nationalfriendly.co.uk.
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