Vitality UK parent company reports 17% profit growth

Vitality UK's parent Discovery Group has announced that its normalised operating profit rose to £477m (17%) for the year ending 30 June 2018, while its new business grew 10% to £931m - with embedded value up 15% to £3.79bn. The Group, which operates in 19 countries, is responsible for VitalityHealth, VitalityLife and VitalityInvest - these firms are key drivers of overall growth, it said. New business across VitalityHealth and VitalityLife increased by 12% to £132m, with insured lives growing to 1.1m (up 11%), while operating profit grew by 44% to £64m. Market trends "Our busine...