LifeStar sees huge rise in profits as income almost doubles

LifeStar Insurance enjoyed a remarkable year in 2021, almost doubling total comprehensive income and resulting in a pre-tax profit of €1.5 million.

The results are all the more impressive as the onset of the Covid pandemic dented revenue streams.

LifeStar Chairman Paolo Catalfamo said: “The results have exceeded even our most optimistic expectations and I would like to thank the team for this incredible effort in a very difficult year during which we also completed a successful IPO and a Subordinated Bond placement in a very challenging market and regulatory environment

LifeStar Insurance CEO, Cristina Casingena said “The company’s success has not happened by chance. We have completely restructured the company in terms of corporate governance and compliance and have invested heavily in technology to put ourselves in a position where we can offer among the best insurance products on the market while providing our clients with individual attention.”

LifeStar Health Ltd, which last year celebrated its 50th anniversary as local representative for Bupa, also performed well, declaring a €1.37m gross dividend subject to regulatory approval.

LifeStar sees huge rise in profits as income almost doubles

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