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Hibernian sales 17% ahead last year

Sales at Hibernian Life rose by 17% to €146.7m last year, according to the standard industry measure known as annual premium equivalent (APE).

Life single premium sales jumped by 152% to €199m, helped by renewed confidence in stock markets.

New single premium pension sales grew by 57% to €344m. Pensions sales measured by APE were up 14% to €104.7m. Life regular premium sales fell, however.

Hibernian recently completed its merger deal with AIB's life arm Ark Life, which will increase its market share from 10% to around 16%.

Hibernian's parent Aviva reported 10% growth in sales to £24.6 billion, driven by a strong international performance as sales in the UK fell slightly. Investment sales jumped by 45%.