Royal London Ireland profits double as new business grows to €359m

Pensions and investments firm reports profits of €11.9m in 2024

Royal London Ireland chief executive Noel Freeley said the company achieved a 29% growth in new business in Ireland to €359m. 

Pensions and investments firm Royal London saw operating profits in Ireland double to £10m (€11.9m) in 2024, boosted by a 29% growth in sales of its protection and pensions products.

The company offers its products in Ireland through financial brokers, and sales in the Irish market climbed to £297m (€359m) in 2024, from £233m (€277m) in 2023, the company reported on Friday.  Protection protection new business sales for 2024 were £188m (€233m) from £179m (€213m) in 2023.