Hibernian sales boosted by €146.7m

SALES at Hibernian Life rose by 17% to €146.7 million last year, as its market share increased by 6%.

The company grew its market share from 10% to 16% through the acquisition of AIB’s life insurance subsidiary Ark Life, according to the company’s new business results released yesterday.

Life single premium sales rose 152% to €199m and new single premium pension sales climbed 57% to €344m.