VHI annual surplus climbs to €112m

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http://www.rte.ie/business/2008/0617/vhi.html

Isn't the 'surplus' really a 'profit' ? I thought VHI was a 'not-for-profit' organisation ?

I suppose there is no need for any increase in premiums, then

Doe's this 'profit' make a mockery of 'risk equalisation' - how much of the 112m was taken from other health insurers. ?
 
it needs to build up its solvency ratio - plus it has downplayed rest of this year...

This does not include €41.6m in potential receipts from risk equalisation payments, which are currently the subject of a Supreme Court appeal from BUPA
Click to expand...

Don't think any payments have been made yet, or maybe they are being held in escrow pending the appeal outcome?
 
Did I remember correctly but was there some suggestion a few years ago to float VHI on the stock market. With a surplus like that there would be lots of interest.
 
They spend alot of our premiums on lavish staff parties and perks. Free nights out almost every week.
And they still have a surplus after this.
I wouldn't mind a job there myself.
 
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