Medicash's annual accounts have demonstrated a steady performance despite the tough economic climate.
The Liverpool based healthcare cash plan provider said, despite pressure on household income and redundancies contributing to a 3% decline in premium income and a marked rise in claims, it maintained the same level of profit before tax and gains on investment as 2009 (£0.9m).
Medicash added that this was due to tight cost controls.
The Medicash Investment Portfolio benefited from rising markets in 2010 and recorded gains of £1.5m and an overall profit before tax of £2.3m. This will be re-invested in the organisation for the benefit of members.
Turnover was £20.3m.
Chief executive Sue Weir said: "We are pleased with the results which have been achieved through a combination of product innovation, an increased focus on the corporate market and the commitment of all the staff.
We operate in a challenging healthcare market and are constantly researching and developing our products to respond to the changing demands of customers."
