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Bupa insurance arm in the black

Healthcare provider Bupa saw its insurance operation turnaround grow from a loss of £39.6m in 1999 to a profit of £14.6m last year.

The PMI provider also slowed down the rate of premium increase to single figures for the first time.

Overall the group announced a 75 per cent increase in pre-tax profits from £49.3m to £86.4m.

Bupa says its number of people being insured grew 130,000 from 2.32m in 1999 to 2.45m in 2000.

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