Aviva hit with extra claims costs from cold weather snap
Aviva has estimated that freezing weather in the UK during December will cost the insurer around £50m at a group level.
94.6%Aviva forecast that for the full year its group combined operating ratio would come in at 94.6%
In a trading update the insurer revealed that its weather experience in the UK and Ireland for the full year was only marginally above the long-term average.
The provider forecast that for the full year its group combined operating ratio would come in at 94.6%.
After the announcement, at the time of writing, Aviva’s share price has risen by 3% to 454.2p.
The stock market’s reaction
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