Aviva reports lowest UK insurance COR in seven years
GWP slips lower but underwriting result improves.
Aviva's UK general insurance business has reported an underwriting result of £114m for the first half of 2014 (H1 2013: £78m) as its combined operating ratio improved to 94.3% (H1 2013: 96.3%), the lowest it has reported in seven years.
The provider's UK gross written premiums came in at £1.09bn in personal lines and £900m in commercial for the half year 2014, compared to £1.2bn and £929m in 2013.
In personal motor, Aviva achieved a COR of 95% (H1 2013: 96%), despite the rate environment, while
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