VHI posts a loss despite rising premiums last year

The insurer paid out €1.68bn in claims for its private health insurance business, an increase of 18% on 2022, as 37,000 new customers took out policies last year

The insurer paid out €1.68bn in claims for its private health insurance business, an increase of 3.2% on 2022. Pic: Eamonn Farrell/RollingNews.ie

Ireland’s largest private healthcare insurer VHI posted a net deficit of €43.4m despite growing premiums last year.

In its annual results, the insurer claimed the jump in premiums was offset by rising costs including high levels of medical inflation, staff wages and elevated energy bills.