IL&P loans and assurance businesses up
18/04/2006 - 12:35:00Irish Life and Permanent has revealed significant increases in its loans and assurance businesses in its annual report for 2005, published today.
The Group’s lending book increased from €21.1bn in 2004 to €26.2bn in 2005, an increase of 24%.
New life assurance was up from €310m to €388m (APE, up 25%) and from €2.1bn to €2.6bn (PVNBP, up 23%).
Profits after tax on an EV basis were up 11%, from €427m to €475m.
The board is proposing a final dividend of 42.8c per share.
