NU's profits halve due to flood losses

Net written premium was also reduced from £3.13bn in 2006 to £2.95bn according to results published this morning.

Overall parent Aviva reported - general insurance and health profit down 34% to £560m across the group and reiterated exceptional UK weather losses of £235m. Net written GI and health premium worldwide was down 4% to £5.5bn.

Despite the losses Aviva’s combined operating ratio at 97%, was ahead of ‘meet or beat’ commitment of 98% but way below last year’s 92%. The UK COR was 102%.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: