First-half results from Zurich's Irish division show that new business sales fell 12% on the same period last year to €92.4m. But the company, previously known as Eagle Star Life, described this as 'impressive' in a market that has fallen 30% since the end of June last year.
New annual premium pensions business was up 11% to €47.4m, while single premium new business was flat at €250m. Operating profits fell from $35m to $25m, according to its parent company.
Zurich's results also show that it has increased its PRSA business by 14% and now has a market share of 28%.
The firm took the Zurich brand in June, though it continues to use the Eagle Star name for its pension, investment and protection product range.
