Paycare results

Formerly known as Patient’s Aid Association, a mutual insurance company that operates healthcare cash benefit plans, Paycare has released its financial statements for the year ended 31 December 2005.Gross premium income rose 6.5% to £7.6m from £7.2m in 2004. Allocated investment gains performed well at £184,000 as against £131,000 the previous year. Meanwhile claims fell…