Vhi, the country's largest health insurer, has reported a 96% jump in its surplus after tax for 2025 as its membership increased for the 11th year in a row.
Vhi reported a surplus after tax of €71.2m for the year to the end of December, up from a surplus of €36.3m reported in 2024.
The health insurance company said it paid out a total of €1.838 billion in health care costs last year, up from €1.738 billion the previous year.
Vhi increased the price of its health insurance policies by an average of 3% from March - the provider's third price increase in a year, after it hiked policy costs by 3% last October, and by 3% again in March 2025.
Its said its private health insurance membership increased by over 12,000 to more than 1.23 million members - the 11th year in a row of increases.
Meanwhile, income from Vhi's portfolio of international health, travel, dental and life insurance increased by 7% to €33m from €31m in 2024.
It said its capital and reserves increased to €1.040 billion at the end of the year from €953m at the end of 2024.
The solvency capital ratio for the insurance business stood at 182%, which it said underscored a "strong and prudent capital position".
"This financial position supports Vhi's ability to invest for the long term in healthcare access, digital services and service development. It also provides members with confidence in Vhi as a stable and trusted healthcare partner," the company stated.
Brian Walsh, Vhi's Group CEO, said the company's purpose is to support its members live longer, stronger, healthier lives.
He said that healthcare demand in Ireland will continue to rise, driven by demographic change, chronic disease and healthcare innovation.
"Vhi is shaping how these challenges are met, changing how and where care is delivered. Vhi exists solely for the benefit of members, and our capital position enables us to plan for member needs and deliver access and better healthcare for our members," the CEO said.
"We are focusing on prevention, early intervention, digital access and community based services so we can continue to meet our members' healthcare needs for generations to come," he stated.
