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Daily Insurance Industry News
Monday 19th of February 2018
March 13, 2012

Bupa reports strong international growth in 2011

by Richard Kilner

Story link: Bupa reports strong international growth in 2011

Bupa has released its financial results for 2011, which saw the firm record a 6% rise on revenue from 2010’s £7.58bn to £8bn, a five year record for Bupa.

The underlying surplus increased by a substantial margin, rising by 20% to £559m from the £464.9m of 2010.

The underlying surplus is (like revenue) a five year record, and has increased by 50% since 2007.

Statutory surplus almost doubled from £118m to £220m (an 86% rise) and the customer base rose by 3% to 10.8m.

Almost two-thirds (63%) of the firm’s turnover is derived from outside the UK, and Bupa has attributed its results to a range of factors including concentrating on growth in Australia, Asia and the Middle East.

Bupa also emphasised the importance of retaining customers in North America and Europe, as well as enhancing its operational efficiency and maintaining a strong focus on customer service.

 

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