Ageas Protect has seen ‘better than planned' full year results with new business premiums increasing.
Ageas Protect's post tax result was a loss of £2.4 million compared to a loss of £1.8 m for the same period last year.
Darren Spriggs, managing director of Ageas Protect, said: "If I looked at the gross earned premium and the new business premium, on the gross earned premium they're exactly where I expected them to be.
"From a new business premium side, which is 20% up on the 2013 number, that's better than we had planned and budgeted, I guess it's even more pleasing as we were going through the sales process last year."
"That completed at the end of December, there were many reasons why the business could've been distracted through last year but not only did we achieve the successful acquisition by AIG but we also exceeded our new business premium performance."
"From my perspective the business is exactly on track, the underlying health of the business is in good shape."
He added: "That contributed significantly to our new business premium, probably surprising us to some degree, we were very heartened by how that product was received in the market place."
Spriggs said: "If we get the technology right, if we have some good products that are innovative and we deliver good service, that's why we're seeing continued growth in our business."
