Hibernian sales up 9% in 2004

Hibernian Life and Pensions has reported a 9% increase in sales to €125.6m for 2004. Sales were €115.4m the previous year.

Hibernian’s single premium pension business was a significant contributor to the increase, with a hike in sales of 11% on the previous year (2004: €218m, 2003: €198m).

Annual premium sales of life business saw a boost as a result of people topping up their SSIA contributions to the maximum amount, Hibernian said today. Top-ups increased from €1.4m in 2003 to €3.8m in 2004. Life AP sales increased overall by 14% to €25.8m (2003: €22.6m).

Hibernian Life & Pensions’ new managing director Tony O’Riordan said: "These are good solid results that we are very happy with. I am particularly pleased that we have consolidated our position at number three in the Irish life and pensions market."