Aviva boss lists three reasons for fall in GI operating profits
Aviva's UK general insurance chief executive, David McMillan, said the dip in the insurers' general insurance and health operating profits was due to its decision to release fewer reserves this year.
The insurer's UK GI operating profit increased to £197m in the first half of 2010 (H1 2009: £159m), but when combined with the health division the results were less favourable, £268m compared to £284m last year.
Mr McMillan said: "The half-year results in 2009 versus 2010 show a fall in profit but underlying that are three things. Current year underwriting performance has improved significantly and we have released a lot less from previous years.
"In the first half of 2009 we released around
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