Weeks after revealing bumper revenues of almost £71m, Liverpool health cash plan provider Medicash files full accounts showing pre-tax profits soaring 44% to £8.2m. Tony McDonough reports

Liverpool health cash plan provider Medicash is reporting a 44% surge in pre-tax profits to £8.2m as it chases a target of 1m policyholders by 2030.

In April Medicash released some details of its financial performance for the 12 months to December 31, 2025. They showed a 14% surge in revenues to £70.9m and a technical surplus more than doubling to £3.8m.

While the technical surplus just measures the performance of its core insurance and healthcare operations, the pre-tax profit measures the company’s total overall profitability, including external investments and property holdings.

Its April statement revealed investment returns increased to £4.5m and group reserves rose by 12% to £59.8m. Through the Medicash Foundation, more than £400,000 was donated during the year, supporting over 140,000 people in communities across the UK.

Founded in the charity hospitals of Liverpool in 1871, Medicash has become the UK’s oldest and largest corporate health cash plan provider.

In 2023 it acquired its One Derby Square home – the former Pearl Assurance House – in the city centre for £12m. Owning the 70,161 sq ft building saves it around £200,000 a year in rent and provides a rental income stream from other tenants.

During the year the number of Medicash policyholders increased by 55,000 to 696,000. Chief executive Andrew Healy has set an ambitious target of 1m policyholders over the next four years.

In the annual report he said: “These results reflected the strength of our purpose-led model and the continued demand from employers for accessible, affordable healthcare support for their workforces.”

READ MORE: Global firm buys £55m Liverpool nutrition brand

He added: “The growth of our business allows us to invest in our products, people and technology while also supporting communities through the Medicash Foundation.

“Alongside delivering excellent results, we continue to strengthen the organisation to support the next phase of our development.

“We enhanced our leadership capability and organisational structure, increased our focus on digital innovation and continued to modernise our operations.”