Medicash will launch a new wellbeing and preventative health product following a year in which it increased policyholder numbers almost 9% and surplus doubled to £3.8m in 2025.
The cash plan provider revealed it increased its policyholder base by 55,000 to 696,00 as it seeks to reach one million members by 2030.
It will introduce a range of new services, available at no additional cost to existing customers, alongside the launch of a new wellbeing product with further details to be announced in early May.
Financial performance showed technical income grew by 14% to £70.9m, while technical surplus more than doubled to £3.8m. Investment returns increased to £4.5m and group reserves rose by 12% to £59.8m.
Over the year, the Medicash Foundation raised more than £400,000 during the year, supporting over 140,000 people in communities across the UK, the provider added.
Andrew Healy MBE, chief executive, (pictured) said 2025 had been a landmark year for Medicash.
“We have delivered outstanding commercial performance, strengthened our financial foundations and senior team, enhanced our governance frameworks and, crucially, extended our positive impact in communities across the country,“ he said.
“We are seeing growing demand from employers who want high-quality, accessible healthcare solutions for their people. With a clear strategy, a strong balance sheet and a pipeline of new products ready to launch, we are well positioned to accelerate our growth.
“Our ambition to reach one million customers by 2030 is bold, but it is entirely achievable. We are building a business with the scale and capability to make an even greater difference to the health and wellbeing of working people.”
Andy Roberts, chief operating officer, added: “These results reflect the strength, discipline and scalability of our operating model.
“Over the past year, we have accelerated investment in our digital capabilities and continued to modernise our operations, ensuring we can deliver consistent, high-quality service at scale.
“As we look ahead, our focus is on converting that capability into even greater value for employers.
“The new products and enhancements we will announce in early May represent a major step-change in our proposition – broadening our preventative health offering, increasing flexibility and reinforcing our position as a leading, forward-thinking partner to employers in a rapidly evolving market.”
