Realistic balance sheet

The with-profits "realistic basis" financial statement shows the long-term business fund assets that are available to cover liabilities relating to with-profits business after meeting liabilities on other long-term business.

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Investment strategy for with-profit business

For more information about NFU Mutual's investment strategy for with-profits business

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Downloadable PDF documents

NFU Mutual's principles and practices of financial management

The document below describes the principles and practices that NFU Mutual applies in managing its with-profits business.

NFU Mutual's principles and practices of financial management (PDF approx 433Kb)

Our PPFM was last changed on 1st September 2011 and the document below is a summary of the changes we made.

NFU Mutual Summary of Changes to PPFM (PDF approx 301Kb)

Practices of Financial Management

We have also produced an appendix to the PPFM. This contains additional useful information about our with-profits business.

Appendix to the PPFM (PDF approx 301Kb)

NFU Mutual's consumer friendly principles and practices of financial management (CFPPFM)

We produce shorter, more consumer friendly versions of our principles and practices of financial management (PPFM). Please click the link below to find the guide that is suitable for you.

Find a quick guide to with-profits

Directors statement to their with-profits policy holders

It is an FSA requirement that, at the end of each financial year, Directors make a formal statement to their with-profits policyholders confirming that they have acted in accordance with their firm's PPFM and that discretion exercised by the firm has been applied in a fair and reasonable manner. In addition, the With-Profits Actuary must state that, in his opinion, the interests of the with-profits policyholders have been taken into account in a reasonable and proportionate manner. Our report for 2010 is attached below:

2010 report to With-Profit Policyholders (PDF approx 209Kb)

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