Profit Share

Our Income Protection Plus policies include a Profit Share scheme that aims to accumulate a lump sum for payment once the policy reaches maturity.

Claim or not – you still receive your pot.

Our members receive their accumulated Profit Share lump sum upon the maturity of their policy, whether they have claimed or not.

How does it work?

Whenever we make an annual profit from our Income Protection Plus business, we share it with our Income Protection Plus policyholders through a notional 'annual bonus' to their Profit Share Accounts, which we then invest for the future.

When we apportion interest during the lifetime of your policy, we do so on a compound basis. This means the longer a member stays with us, the more substantial their potential payment will be at the end of their policy.


Step 1

We examine our performance at the end of each year.

Step 2

We decide if an Annual Bonus can be awarded to our members based on our performance.

Step 3

We apportion any Annual Bonus award to a notional Profit Share Account.

Step 4

We will send you an Annual Bonus statement each year to keep you updated on the performance of your Profit Share Account.

Step 5

You can take the full Profit Share amount when your policy matures.

How has Profit Share performed in the last few years?

Take a look at our recent figures to see how we've shared our success with our members.

PG Mutual members profit share 2016 - 2018
Average interest rate applied to members' Profit Share Accounts 3%
Average dividend per share £3.00
Total annual bonuses to members £4,193,246
Total amount paid to departing members £2,621,634

Figures taken from fully audited accounts 2016, 2017 and 2018.

More information

Frequently Asked Questions - This information is a summary only. Please contact us if you have any further questions about your Profit Share Account and annual bonus.