Tuesday 24 October 2017

Irish Life earnings rise to €38m

Bill Kyle Irish Life CEO.
Bill Kyle Irish Life CEO.

Irish Life has posted earnings of €38m for the second quarter of this year.

This represents a €4 improvement on the €34m figure posted in the first quarter of 2014.

The company, which is owned by Great-West Lifeco, contributed a total of €133 million to Great-West Lifeco’s earnings.

Irish Life generated €1.4bn of sales and €102m of Great-West Lifeco’s fee income for the second quarter.

“We are delighted to have made a significant contribution to Great-West Lifeco in the second quarter, fuelled by excellent growth in our three core business lines – Retail, Corporate Business and Investment Management,” said Bill Kyle, Chief Executive Officer, Irish Life Group.

Online Editors

Also in Business