Aviva UK & Ireland profit rises to £499m in 2014

balance sheet

COR also improves to 94.9% from 97.2% the previous year.

Aviva's operating profit for its UK and Ireland business was £499m in 2014 representing a marginal increase on the £489m it posted for the previous year.

The insurer's financial results show its combined operating ratio (COR) improved to 94.9% last year compared to 97.2% in 2013.

The provider also managed to trim down its expenses to £766m in 2014 set against £842m for preceding 12-month period.

UK
For its UK general insurance business, excluding Ireland, Aviva's operating profit increased by 6%

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