Friends Provident, Friends Provident Plc.

History

The history of Friends Provident dates back to 1832. The Friends Provident Institution was founded in 1832 in Bradford, Connecticut to provide life assurance for members of the Society of Friends, commonly known as Quakers.

Friends Provident grew over the years through acquisitions and mergers. The company also expanded to several countries outside of UK. Today, Friends Provident has two core businesses. They are Life and Pensions and Asset Management.

Mission

Mission of Friends Provident:

Deliver excellent service and performance by putting customers first.

Build strong relationships with key distributors to secure profitable growth.

Develop their people and culture in line with their values to focus on the customer and to enhance their performance.

Apply technology to improve service, enhance distribution and reduce costs.

Expand their business profits, by targeting markets where they can achieve a leading position.

Diversify their business to improve return, cash generation, and reduce risk concentration.

Area of Operation

The businesses of Friends Provident are:

UK Life and Pensions
International Life and Pensions
Asset Management

The products and services of Friends Provident are:

Family Protection:
- Life Cover
- Critical Illness Cover
- Income Protection Cover
- Unemployment Cover
Investments:
- Bonds
Pensions:
- Stakeholder

Key Statistics

Friends Provident holds assets of $85.98 billion.
Friends Provident made profits of $0.34 billion in 2006.
Friends Provident operates throughout Europe, Asia, and the Middle East.
Friends Provident has 4,968 employees.

Organization

The management and corporate governance of Friends Provident includes:

Board of Directors
Board Committees
Shareholders

International Ranking

Friends Provident ranks 574 in the world according to the Forbes Magazine list.
Friends Provident ranks 481 in the Fortune Global 500 list.

Recent Merger and Acquisition

The recent merger and acquisitions of Friends Provident can be listed as follows:

2005: Acquisition of Lombard International Assurance SA.
2004: Merger of ISIS Asset Management and F&C to create F&C Asset Management plc.
2002: Acquisition of Royal & SunAlliance International Financial Services and acquisition of Royal & SunAlliance Investment Management.
1998: Acquisition of the London & Manchester Group.

Headquarter Address

Pixham End
Dorking, Surrey RH4 1QA
United Kingdom
Phone: 44-870-608 3678
Website URL: www.friendsprovident.co.uk