Aviva's UK general insurance profits rise to £197m in H1 2010
The insurers UK general insurance operating profits increased by 24% to £197m in H1 2010 (HY09: £159m) but Aviva's combined UK general insurance and health operating profit fell to £268m during H1 2010, compared to £284m in the same period last year.
General insurance and health net written premiums in the UK dropped to £2.24bn (H1 2009: £2.29bn) while the combined operating ratio stood at 98% (H1 2009: 99%).
Overall, Aviva reported a 21% rise in IFRS operating profit to £1.27bn (H1 2009: £1.04bn).
Andrew Moss, group chief executive, commented: “This was a good half year for Aviva. We achieved a 21% increase in operating profits, grew sales for the third consecutive quarter and improved the group’s margin.
“At a time when predictability of
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