Hibernian Insurance has reported a 28 per cent increase in operating profits to €156 million.
Life and pensions new business sales rose 26 per cent to €164 million, general insurance premiums were up €643 million to €:845 million with operating profit recovering from €7.2 million to €26.3 million.
Commenting on the results, Mr Pat McGorrrian, Hibernian’s chief executive said the fact that the company have achieved 37 per cent growth in gross premium income to almost €2 billion during such a year of integration was a testament to the efficiency and hard work of management and staff.
The integration of the businesses of Hibernian, CGU, Norwich Union and Friends First General Insurance was completed in 2001 to form the Hibernian Group.
The group is now the largest composite insurer in Ireland; the largest general insurer, number four in life and pensions new business and a top five fund manager.