HomeInsuranceAviva announces first-half operating results

Aviva announces first-half operating results

In the six months ended June 30, Aviva posted a 6% rise in general insurance gross written premium (GWP) to £4.7 billion. UK commercial lines GWP went up 12%; UK personal lines, down 1%; Canada commercial lines, up 17%; and Canada personal lines, up 9%.  

Aviva’s operating profit from general insurance amounted to £375 million in the first half, which is lower than the £420 million posted in the same span in 2021. Of this year’s result, £159 million came from the UK; £12 million, Ireland; and £204 million, Canada. All three suffered declines in operating profit.

Other business highlights include £651 million in operating profit (up 19%) for the life operations in the UK and Ireland; Aviva Investors’ £14 million operating profit, which fell 26%; and unchanged operating profit, at £55 million, from Aviva’s joint…

Read more at www.insurancebusinessmag.com

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