Welcome to Wesleyan's year in review. Here you’ll find key information on our highlights for 2023. For more details on our performance, strategy, governance and remuneration, you can download our Reports and Accounts below. 

Our purpose

Our members, customers and the professions we serve are front and centre of everything we do, especially in difficult times. That’s why we’ve been working hard to provide support as the cost of living pressures impact so many people.

As a financially strong business, we can take long-term decisions that deliver the best outcomes for our members and customers. We are here to provide specialist financial advice, give peace of mind and security, help our customers make the most of their money and give them confidence in their financial futures. 

That’s why we say “we are all about you”.

2023 highlights

Icon illustration value group operating

£12.3m group operating profit/(loss)

(2022: £7.2m)

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£7.6bn total assets

Actively managed or administered by (or on behalf of) the Group (2022: £7.2bn)

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£417m society premium income

The total premiums received during the year for life and pensions business (2022: £493m)

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322% solvency ratio

A measure of our financial strength (2022: 373%)

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£2.7m financial contribution

To provide member discounts on personal and commercial insurance lines (2022: £2.5m)

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£5.9m Wesleyan Foundation reward

Awarded by Wesleyan Foundation since its launch in 2017, supporting our customers and communities across the UK (2022: £5m)

Q&A with Nathan Moss

Nathan Moss, Chair of Wesleyan Board of Directors, gives an overview of how Wesleyan progressed in 2023 and tells us why mutuality works for customers and colleagues as well as members.

A sustainable mutual

Our approach is governed by our Sustainability Strategy which is approved by our Board of Directors. With Environmental, Social and Governance (ESG) at its core, this strategy sets out our key sustainability principles:

  • Sustainability in our product offerings
  • Our infrastructure
  • How we invest our customers’ funds
  • Support and guidance for our colleagues and causes

Here for you at every stage of your life

Looking to create a brighter financial future? See how we can help you throughout your career and beyond.

The mutual that gives more

Wesleyan Assurance's mutuality is an integral part of who we are and how we operate. We don’t have shareholders which means we can take a long-term view. It also means we can share our success and how we run our business with our members.

We thrive by staying true to the needs of the people who matter most - our members, our customers and colleagues, as well as to the communities in which we all live and work.

You can read more about our mutual difference (PDF).

Our strategy

Wesleyan’s purpose is to create brighter financial futures for the professions we trust - doctors, dentists and teachers.

We aim to achieve this by delivering our strategy which will see us become a true lifelong partner to our customers, brilliant to do business with and leverage our mutuality with edge to provide added value for members, customers, and colleagues.

See our strategy (PDF).

Our governance 

The Society aims to meet the highest standards of corporate governance. For all our customers and policyholders, the Board has chosen to adopt the UK Corporate Governance Code.

To learn more about our Senior Leadership Team, the Board of Directors and the Directors’ Remuneration Report, see our Governance Report (PDF).

Key documents

The NASUWT, the RCGP and the RCOG are introducer appointed representatives of Wesleyan Financial Services Limited.