Insurer Vhi sees surplus decline 47% as claims and operating costs increase

Health insurer Vhi reported a net surplus of €34.3 million from consolidated business activities in 2022, down from a surplus of €65.3 million the prior year.

The decline was due to the increase in claims volumes and costs, the reduction in market values of Vhi’s investment portfolio, and increased operating costs as the company invests in healthcare and technology, according to results from the group.

Gross earned premium for private health insurance in 2022 was ...