Total sales at Hibernian fell sharply to £167m in the first nine months of the year, according to figures from its parent company Aviva this morning.
Sales fell from £279m in the same period last year in what Aviva called 'continuing difficult market conditions'. New business sales fell from £85m to £55m, though this was partly due to strong SSIA sales in 2002.
Aviva said group pension sales in Ireland were strong, but there was lower demand for individual pension products. New single premium sales rose from £78m to £82m, while new regular premium pension sales were flat at £32m.
Aviva said sales of new PRSAs had been slow, as awareness of the products remains poor among consumers and advisers.
Life single premium sales plummeted from £138m to £42m, with continuing low demand for unit-linked and with-profit investments in current market conditions. Regular life premium sales dropped from £31m to £11m, hit by the ending of SSIAs.
