Annual reports and financial statements
Annual reports and governance disclosures
Unity Mutual is a trading name of The Independent Order of Oddfellows Manchester Unity Friendly Society Limited (The Oddfellows).
Each year, we publish a variety of reports and statements that detail our business performance, governance systems, risk exposure, and compliance with the Principles and Practices of Financial Management.
Reports and Financial Statements
On an annual basis The Oddfellows publishes its Reports and Financial Statements document for its members and the general public, which contains the following important information:
- Chief Executive’s Operational Report
- Strategic Report
- Board of Directors Report
- Independent Auditor’s Report
- Income and Expenditure Accounts
- Statement of Other Comprehensive Income
- Balance Sheet
- Notes to the Reports and Financial Statements.
Download the 2024 Oddfellows Reports and Financial Statements
Solvency and Financial Condition Report (SFCR)
The Oddfellows SFCR, based on the financial position as at 31 December 2024, is available below and contains the following:
- a description of our business and performance;
- a description of our systems of governance and an assessment of our capital adequacy based on our risk profile;
- a description of the risks we are exposed to and the mitigation we have in place;
- a description of our assets, technical provisions and other liabilities; and
- a description of how we manage our capital, including information of our solvency capital requirements and minimum capital requirements.
Annual Report to With-Profit policyholders on Compliance with Principles and Practices of Financial Management (PPFM)
The report must: state whether, throughout the financial year to which the report relates, the firm believes it has complied with its obligations relating to its PPFM and setting out its reasons for that belief;
address all significant relevant issues, including the way in which the firm has:
a) exercised, or failed to exercise, any discretion that it has in the conduct of its with-profits business; and
b) addressed any competing or conflicting rights, interests or expectations of its policyholders (or groups of policyholders), including the competing interests of different classes and generations.
This compliance report covers the period from 1 January 2024 to 31 December 2024.
Download our Annual Report to With-Profits Policyholders on Compliance with PPFM.
Download our Customer Friendly Principles and Practices of Financial Management (CFPPFM).
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