Westfield Health reveals record surplus

The cash plan provider paid out £36m to policyholders in claims while premium income reached £53m for the period from April 2009 to March 2010. It retained its cash plan market share at 13% and holds 42% of the corporate-paid market, with more than 350,000 policyholders in total. The insurer said the strong performance had been achieved by implementing efficiencies that lowered operating costs and that the company was in a robust financial position with a significant amount of assets relative to its size. Jill Davies, chief executive of Westfield Health, said that the results have ...