skip to main content

With profits bond sales boost Standard Life

Life assurance company Standard Life Ireland says it achieved significant growth in all its markets this year.

Annual premium equivalent for the year to November 15 rose by 61% to £56.8m. APE is the insurance industry standard for measuring new business income.

Annual premiums were up 48% to £34.2m, while single premiums grew by 84% to £225.9m.

Standard Life says sales of its with profits bond have reached £120m since its launch in March. Corporate and personal pension business grew by 31% to £28m. SSIA sales were £6.6m.