Vitality posts strong revenue growth but warns of new claims baseline

VitalityHealth has booked an 11.3% jump in net earned premiums to £534.8m for the year ended 30 June 2023 – almost 40% higher than pre-pandemic levels in 2019. The UK’s fourth largest insurer said the key driver was a 14% increase in lives covered as it benefitted from the rise in demand for private healthcare. Gross…