In its first quarter results for 2012 the protection provider reported protection gross written premiums were up 71.2% to £15m compared to Q1 2011 and new annual premiums were up 34.3% to £9m.
Non-Life gross written premiums at the provider were up 10.8% to £444.5m.
Total inflows from retail businesses were up 3.1% to £52.8m.
Barry Smith, chief executive of Ageas UK, said: “I’m really pleased with progress in the first few months of 2012 in what is typically a tough quarter. We continue to build on our transformational growth of 2011 with strong increases in income and profit.
“Our strategy of working very closely with our brokers, affinity partners and independent financial advisers to offer quality products and service to customers continues to pay off.
“The market is not without its challenges given the current economic and regulatory environment but our balance of underwriting and distribution across Ageas UK means that, overall, we are in good shape to continue to deliver profitable growth.”
