Birmingham-based health insurer BHSF today reported end of year profits of...
Birmingham-based health insurer BHSF today reported end of year profits of £1.85m.
The company saw income from premiums rise by 6% to £27m from £25.5m last year.
BHSF supplies health cover to over 2,900 companies including BP, Sainsbury's and Asda.
Combined ratio was reported as 102%.
Chief executive Peter Maskell, said: “Our total of claims and expenses slightly exceeded premium income and this reflects our value-for-money philosophy.
“However, our investment returns have been good, turning this into our best year ever."
