Aviva boss lists three reasons for fall in GI operating profits

david mcmillan aviva

The insurer's UK GI operating profit increased to £197m in the first half of 2010 (H1 2009: £159m), but when combined with the health division the results were less favourable, £268m compared to £284m last year.

Mr McMillan said: "The half-year results in 2009 versus 2010 show a fall in profit but underlying that are three things. Current year underwriting performance has improved significantly and we have released a lot less from previous years.

"In the first half of 2009 we released around

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