There was positive news for us recently as it was revealed that Irish Life generated net earnings of €34m in the first quarter of this year, before taking account of $5 million in restructuring costs relating to the integration of Irish Life and Canada Life. The figures were revealed in results published recently by our parent company, Great-West Lifeco.


"We had a very successful first quarter with excellent sales results and earnings contribution,” said Bill Kyle, the chief executive of Irish Life. “Our focus is on maintaining customer service while we complete the integration of Irish Life and Canada Life in the Irish market,” said Mr Kyle. “This process continues on track with all milestones to date met within budget and synergy targets.”


At a group level, our parent company Great-West Lifeco reported net earnings of $587 million for the first quarter. This compared with $517 million for the same period in 2013, an increase of 13.5 per cent. Great-West Lifeco said Lifeco premiums and deposits during the quarter were $23.9 billion, up 41 per cent from a year ago.