Profits at Hibernian Group, which is owned by British insurance group CGNU, rose by 7% to IR£95.8m last year.
Hibernian Group was formed by the merger in Ireland of Hibernian, CGU and Norwich Union last year.
Its net premium income grew by 31% to top the £1bn mark for the first time. Life and pensions profits were up 28% to £88.4m, including a 36% increase in new business.
General insurance profits, however, dived 70% to £7.2m following weather related claims and poor underwriting results in the SME and liability business. Chief executive Pat McGorrian said the figures 'point towards a need for significant rate increases'.
Hibernian's parent company CGNU saw operating profits fall 6%, mainly because of storm damage claims in Britain. After tax losses came to £1.6bn sterling following restructuring charges.
