Dentists’ Provident paid out £4.9m in claims and gave £7.9m as bonuses to members in 2024, according to its latest annual report.
The report revealed that membership premium income for the year was £13.3m, while income and gains on investments reached £27m.
Additionally, the total investment assets and cash stood at £367.5m by the end of 2024, up from £345.8m in 2023.
Giles Kidner (pictured), chairman of Dentists’ Provident, said: “I am very pleased with these results. Our unwavering commitment to our core value of prioritising our members has been the foundation of our longevity and success and 2024 was no different.
“Our strength lies in putting our members at the heart of everything we do and doing what is right, not only for our current membership, but also for future generations.”
Farrukh Mirza, CEO at Dentists’ Provident, said: “We continue to manage our business conservatively and our financial position remains strong.
“We have worked hard to keep our costs under control despite inflationary pressures and without compromising our service or the quality of our plans.”
