Strong new business showing for Eagle Star

Eagle Star Life has announced an strong set of new business results for the first quarter of 2008.

In a challenging period where the overall market fell 29%, compared to the same period in 2007, Eagle Star recorded new business of €48.9m down only 6%, from €52.2 on last year.

Total Pensions Annual Premiums of €24.8 m (€21.8m), were also up 14% compared to last year.

Pensions Single Premium business also increased by 16% to €141.5 m (€121.7 m). The Company estimates it holds a 22% share of the overall PRSA market.