Private healthcare insurer BUPA has revealed it expanded its customer base by 28% during 2002.
Announcing its 2002 results BUPA revealed it generated income from its UK and overseas insurance activities of £1.8bn. The trading surplus was £97.9m.
Meanwhile BUPA also announced that its 2002 surplus before tax was £107.9m for the year to December 31 2002, an increase of 19.4% on the previous year.
Chief executive Val Gooding said the result reflected increased sales and re-investment in the group.
Meanwhile BUPA's group income was up 17.1%, while sales in all of BUPA's main businesses grew. UK health insurance volumes increased 5% and insurance revenues worldwide increased by 20%.
Gooding said: "We have benefited from both organic growth and investment. All our main businesses improved their result year-on-year despite increasingly difficult trading conditions in some of our markets, in the second half.
"Organic growth delivered over two thirds of our increased operating surplus before goodwill and just under a third came from our acquisitions."
