VitalityLife posts 21% rise in pre-tax profit to £30m

Health and life insurer Vitality has released its annual results for the year ending June 2015 showing a 16 per cent increase in pre-tax operating profit to £42.8m across its two brands, VitalityHealth and VitalityLife in the first year of operations since its rebrand last November.

Alongside this, other key financial metrics from the combined businesses included covering 867,000 customers, an increase of 15 per cent, with overall premiums/revenue up by 11 per cent to £533m and combined business sales down 2 per cent to £105m. Read more at FT Advisor