Hibernian Life & Pensions today reported that life single premium sales grew by 55 per cent last year following the insurer's acquisition of AIB subsidiary Ark Life.
In a statement today Hibernian said total sales on an were up 15 per cent to €281.2 million for the first 11 months of trading for the joint venture with Allied Irish Banks. It said the market share for both parties now stands at 16.7 per cent.
It said a reopened property fund had attracted sales of almost €71 million. It added that single premium pension sales were also strong, growing 14 per cent to €440 million.
Annual premium pension sales also grew by 7 per cent to €117 million.
Hibernian's parent, Aviva, today reported an 18 per cent rise in 2006 sales, lifted by pension reforms at home and a better-than-expected performance in key European markets.
Aviva's life and pensions sales climbed to £26.21 billion sterling for the full year. Total long-term savings sales, which includes investment sales, were 22 per cent higher at £31.123 billion.
Aviva said it had posted its strongest UK long-term savings performance to date, boosted by buoyant equity markets and so-called "A-day" pension rule changes, which allowed people to salt away more for retirement and also increased awareness of the need to save.