VHI surplus almost halves on claims rise and investment losses

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 98%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Health insurer reports €34.3m surplus for 2022 alongside €18.6m loss on bond-heavy investment portfolio

That brought the total amount of rebates since 2020 to €450 million. However, the company said in January that it would be increasing plan costs by an average of 4.8 per cent this year, blaming increased demand for healthcare and the rising costs of providing services to customers.Further disclosures on the VHI Insurance unit’s performance, contained in a so-called solvency and financial conditions report posted on its website, show that its investments portfolio made an €18.

Income from Vhi’s other insurance products and services, sold by the company as an intermediary for other underwriters and including VHI MultiTrip travel coverage, VHI Dental, VHI International and VHI Life, jumped to €37.8 million last year from €26.2 million recorded in 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines