Bupa revenues and surplus up 9%

The provider's solid growth in 2010 was knocked by results showing a 72% reduction in total pre-tax surplus. This, it said, was down primarily to goodwill impairments of £249.2m which took the total down to £118m from £416.5m in 2009. Group revenues were up to £7.576bn from £6.941bn the previous year, with organic growth of 4% and favourable foreign exchange movements of 5%. Its pre-tax underlying surplus rose to £464.9m from £428.2m. The health insurer said this was driven by a strong performance in Australia and Asia, and an advance in profits in Bupa Health and Wellbeing UK (...