Aviva UKGI profit falls by 35%
Aviva says UK business was impacted by an alignment of the UK digital business with GI, as CEO Maurice Tulloch says provider has made "good progress" on its cost-cutting plan.
Aviva has reported a 35% fall in operating profit in its UK general insurance business to £250m in 2019 from £383m in 2018.
Its UK combined operating ratio also deteriorated to 97.9% in 2019, compared to 94.6% in the preceding year.
However, net written premiums (NWP) rose by 1% to £4.22bn, up from £4.19bn in 2018.
Aviva stated that the alignment of the UK digital business with UKGI during the year had a significant impact on its financial results.
The business further detailed that
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