CORNISH MUTUAL ASSURANCE COMPANY,LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. CORNISH MUTUAL ASSURANCE COMPANY,LIMITED · parent
   1. Terrafarmer Agriculture Limited 0.8% · UK · Soil Health Consultancy

Significant events

• “Our subsidiary, Terrafarmer, continued to make steady progress during 2025, strengthening its brand and expanding its services to support the ongoing farming transition.”
• “Our transformation programme focused on a tender process to choose a new policy administration platform which we believe will open up greater service options for Members.”
• “During Financial Year 2025 there have continued to be a range of challenges, whether that be managing developing technical risks around Cyber and Business Continuity or ongoing unpredictability in relation to large claims and identifying appropriate reinsurance.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +8.7%

  £33,434,435 → £36,344,276

• Net earned premiums

  +11%

  £27,618,509 → £30,645,030

• Profit before tax

  +37.8%

  £3,563,890 → £4,910,280

• Equity

  +16.7%

  £29,357,460 → £34,267,740

• Claims incurred

  -9.2%

  £19,870,000 → £18,040,000

• Insurance contract liabilities

  +3.8%

  £37,890,779 → £39,328,098

• Investment return

  -49.4%

  £4,770,172 → £2,412,554

• Employees

  +4.9%

  123 → 129

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers