Zurich UK Life saw an increase in new business value (NBV) of £125m, 17% up on the previous year, with corporate business driving growth.
There were increases in margin for corporate protection, while the total operating profit for the business was up 6% on 2013.
There was a decrease in the company's new business margin of 2.8% to 13.6%, attributed by the company to the lower margins in the corporate savings and retail platform businesses.
The company's annualised premium equivalent increased by 41% to a total of £917m.
Gary Shaughnessy, CEO for Zurich's UK Life business, said: "These are very pleasing results in the context of the current market. We have maintained a strong profit and our NBV accelerated throughout the year, exceeding last year's performance.
"They reflect not only the quality of the business that we underwrite, but our delivery of an excellent claims experience to customers as well as our disciplined expense management."
He added: "There is momentum behind all areas of our business.
"Our corporate business is maintaining growth, the persistency of our in force book is evident, and our retail platform saw increasing volumes against the backdrop of a very competitive market, particularly in the second half of the year.
"The economic environment remains challenging, with yields continuing to fall with low interest rates.
"That's why we continue to operate our business appropriately and responsibly, illustrated by the efficient management of our pricing and the diversification of our customer offering."