Google parent company Alphabet's health insurance business grew nearly sixfold last year, tech news site The Verge reported.
That business, Granular, provides stop-loss coverage to employers, and is a subsidiary of Alphabet's healthcare company, Verily, which itself more than doubled in revenue last year, according to the Feb. 2 story. And the biggest contributor to that growth was Granular.
Granular's revenue "rose nearly sixfold through the first nine months of last year to $151 million, from $27 million a year earlier," according to the story, which cited tech news outlet The Information. Verily is now Alphabet's biggest subsidiary after Google.
The reasons for Granular's success may be its access to Google's data capabilities or simply that it provides better rates, The Verge reported.