VHI enjoyed post-tax profits of €65m

Health insurer VHI made a 2013 profit after tax of €65m compared to a profit of €54.3m for the previous year.

At the end of last December VHI had free cash reserves of over €389m, bring the company’s solvency ratio to 156% compared to 108% in 2012 and 100% in 2011.

The company also announced that it had finalised a four-year reinsurance agreement with Berkshire Hathaway and had made an application for authorisation by the Central Bank of Ireland.