Friends First profits up 34%

Financial services group Friends First has announced record profits of €27.1m in 2004, an increase of 34% on 2003.

The performance was driven by strong sales growth in the life business and by the growth of Friends First Finance and the company’s other developmental businesses.

Friends First employs more than 450 people in Ireland and has offices in Dublin, Galway and Cork.

The Group’s total assets exceed €4.4bn. Friends First is part of Eureko BV which is one of the largest insurance groups in Europe with a total asset base of €94.8bn and more than 25,000 employees in 12 countries.