Profits up at Simplyhealth

Insurer Simplyhealth Ltd has reported post-tax profits of £8.7m (2012:£0.6m loss) for the year ended 31 December 2013 due primarily to the positive impact of the investment programme begun in 2012, particularly in relation to its PMI business.Performance benefitted from better claims experience. Group technical income decreased by 0.9% to £393.3m. However, total claims also…