Friends Provident has been a leader in the financial service industry for over 170 years and was one of the first companies to provide life insurance and other related products to private individuals. These pioneering foundations have led Friends Provident to become one of the most progressive and successful investment and insurance groups in the UK.
A Financially Strong Company
Friends Provident is a highly successful and fast growing company, with £104.1 billion funds under management (at 31 December 2006), over 3,900 staff and in excess of three million policies and accounts worldwide.
The flotation of Friends Provident plc on the UK stock market in July 2001 raised £1.6 billion (US$2.9 billion) of new capital, significantly raising the capital base of Friends Provident Group as well as placing it firmly in the FTSE 100.
This capital base was further increased by the acquisition of Royal & SunAlliance International Financial Services in 2002, now renamed Friends Provident International Limited and more recently by the acquisition of Lombard International Assurance SA in 2004.
A Strong Position in Europe
Friends Provident continues to be a shareholder in EurAPCo and a member of the pan-European EurAPCo Alliance of leading insurance companies. Friends Provident therefore benefits from the synergies of the Alliance with our Partner companies.
A Growing Global Presence
At the forefront of the Friends Provident business strategy, is the expansion of its International operations. In line with this corporate strategy, Friends Provident International are continuing to build on their local presence in Hong Kong, Singapore and the Middle East region. With branch offices in Hong Kong, Dubai and more recently Singapore we are growing our business in these areas and demonstrating the long-term commitment of Friends Provident International to our partners and supporters in the region.