Aviva posts £681m half-year loss
Aviva plc has reported a net loss after tax of £681m for the first half of 2012 after a profit of £465m last year.
The insurer attributed the group loss to a write down of £876m of goodwill and intangibles in its US business.
However, operating profit was down 10% to £935m (H1 2011: £1.035bn) due to restructuring costs, the sale of RAC, foreign exchange movements and the impact of UK weather claims.
UK
In UK-only general insurance the provider delivered a COR of 97% for the first six months of 2012. This compared with 96% in the same period of 2011.
However, Aviva highlighted that a like-for-like comparison
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