[ad_1]
Aviva – strong trading momentum
“We are making excellent progress at Aviva,” chief executive Amanda Blanc told investors. “Operating profits and dividends are growing and we have strong trading momentum despite significant market volatility.
“Our core businesses in the UK, Ireland and Canada grew in 2022, and contributed to a very strong, all round performance. Life insurance value of new business is up 15%, general insurance sales are up 8% and overall operating profit is up 35%.”
Blanc says that cash remittances are “up strongly” – they rose 11% to £1.8 billion during the period – and that the insurer’s capital position is “robust,” while customer numbers have increased to 15.5 million.
The company saw net inflows of £9.1 billion in its wealth division during the year, boosted by a strong performance in Workplace, which added 374 additional schemes.
However, annuities and equity release sales fell by 21% to £6.2 billion. UK and Ireland general insurance gross written premiums rose by 7% to £5.7 billion.
[ad_2]
Source link