Hibernian Life & Pensions achieved a 17 per cent increase in total sales to €146.7million, with pensions sales up 13.9 per cent to €104.7million.
The results follow Hibernian's acquisition of AIB's life insurance subsidiary Ark Life. Total sales for the combined entities in 2005 were €254.3 million.
Tony O'Riordan, managing director, Hibernian Life & Pensions, said; "These results, together with the recent completion of the joint venture with AIB, provide an excellent platform for growth for our business and consolidate Hibernian's position as one of the major players in the life and pensions market."
Aviva, Hibernian's global parent company, saw overall life and pensions sales in international operations up 14 per cent, with sales in France up 26 per cent and Italy up 27 per cent.
But sales of these products in its UK business dipped by 1 per cent last year.
Total life and pensions new business sales rose to £22.2 billion (€32.4 billion) from £20.7 billion in 2004. Aviva shares rose 1 per cent to 735p at 8.04am.
The figures have been reported on a new basis, which takes the value of new single premium policies sold plus the expected present value of new regular premium policies. The new measure allows a better comparison of the sales performance of life insurers across Europe.