State-owned life assurer Irish Life Assurance said while “market conditions are not currently conducive for a sale” of the group, its priority is to return to private ownership and repay the state’s investment.
Pre-tax profits increased six-fold to €96 million from €16 million a year earlier under International Financial Reporting Standards, the company said in a statement. The group’s embedded value, an estimate of a life assurer’s worth based on future...
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