Aviva Ireland has reported a 40% year on year increase in operating profit to €115m, up from the €82m reported the same time last year.
The company said that growth in its multi-line offerings and a once off boost from its 'more efficient use of capital' was partly offset by claims resulting from the severe weather experienced during the winter months.
The insurer said that it will pay about €100m in weather related insurance claims and says it helped over 4,500 general insurance customers who were affected by the extreme winter weather.
Aviva said it saw increased volumes in its life and pensions business and its health business also continued to grow. It said it now has 280,000 health insurance customers.
'Our strong results published today are proof of the strength of our model and our multi-channel distribution strategy,' commented Aviva Ireland's CEO Jim Dowdall.
'This strategy has proven to be particularly resilient given the significant turbulence in both the wider economy and the insurance markets we operate in,' he added.
Meanwhile, the Aviva Group today said that its first-half profits jumped 21%, lifted by rising sales in Asia and Europe.
Aviva, Britain's second largest insurer after Prudential, said operating profit rose 21% to £1.27 billion sterling in the six months to June, compared with the same part of last year. That beat market expectations of £1.15 billion.
Long-term savings new business sales, meanwhile, climbed by 4% to £20.24 billion pounds in the six month period.
'This was a good half year for Aviva. We achieved a 21% increase in operating profits, grew sales for the third consecutive quarter and improved the group's margin,' said chief executive Andrew Moss in the results statement.
'Our first-half earnings are tangible evidence of the progress we've made in the last few years, but there's more to do. We will continue to focus on customers and on the disciplined allocation of capital to ensure we grow Aviva profitably,' he said.
The company also lifted its interim shareholder dividend by 6% to 9.5 pence per share.
