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 company’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.
