Thursday October 29, 2020

Acorn parent harvests €13m dividend

Investment gains helped the Galway-based firm return to profit last year

Ian Guider

Markets Editor

@ianguider
27th September, 2020
Acorn’s directors, who include O’Connell, shared €604,000 in pay during the year, down from €665,000

Acorn Life, the Galway-based investment and insurance company, paid a dividend of just over €13 million last year after it swung back into profit.

The company profits hit €12 million in 2019, according to recently filed documents, reversing a loss of €137,000 in 2018. The return to profitability in 2019 allowed the firm to pay a dividend of €13.2 million to its parent company.

Acorn Life is owned by Gerry O’Connell, who has controlled the business for several...

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