Strong growth for Engage Mutual

12/05/2010

Yorkshire-based Engage Mutual Assurance has reported a 5% rise in group assets for the year, with company bosses citing cost-control and efficiency as key growth drivers.
Customer numbers at the mutual, one of the largest in the UK, increased for the 12th year running, climbing 2.4% to 438,000 during 2009. An estimated 15% of this figure came as a direct result of recommendations by existing clients, the society said.
Also up was the fund for future appropriations, growing by £1.2 million to £31.8 million.
Chief executive Andrew Haigh claimed he was pleased to see high-quality investment returns, adding he was hopeful of future gains in the coming year as the organisation refined its acquisition strategy.
"Through the challenges of the past year and beyond our aim has been to remain focused on running an effective and successful business and to continue to do the best we can for our customers who are the owners of the business and who share the benefits of our success," he said.
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