Total profits at Hibernian last year rose by 34% to just under €282m. The company is owned by British group Aviva.

Insurance profits jumped by more than 70% to €224m, but life and pensions profits fell from €80.5m to €57.4m.

Chief executive Bryan Jenkins said the strong insurance result reflected lower claims costs and fewer than expected weather related events. He said the company had continued trying to reduce insurance costs, especially in motor insurance. This resulted in a fall in premium income from €936m to €835m.

Life and pensions new business was up 9% to €125.6m, but Hibernian said intense competition hit profits at margins were lower.