VHI suffers €65m loss as it pays out €30m more than it managed to take in

VHI, the country’s largest health insurer, suffered a €65 million loss in the 10- months to December 2008.

That contrasts sharply with the surplus or profit of almost €63m recorded in the 12 months to the end of February 2008.

Over the 10 months, VHI also suffered a €45m hit on its financial investments due to weak stock markets, and it paid out over €30m more to members than it received in premiums.