Specialist health care insurance provider HealthSure said it had seen another successful year as it reported its results for 2003.
HealthSure said premium income had risen by 9.3% to £17m, with 20,000 extra policyholders joining the company.
But it added that claims had risen by 10.2% to £12m, demonstrating the growing need for health care cash plan policies.
Chief executive Richard Sear said the results could be attributed to sound business planning, an effective distribution strategy and continued uncertainty in the healthcare environment.
He said the results confirmed nine years of continuous growth for the company.