Aviva commercial COR stays at 101%
Aviva has revealed a combined operating ratio (COR) in UK commercial lines of 101% for the start of 2012, an identical figure to the result for the first six months of last year.
The figure, announced in the half-year results where the group made a loss of £681m, was, however, an improvement on the 105% declared for the full 12 months of 2011.
Total commercial net written premiums came in at £861m (H1 2011: £843m) although the company made an underwriting loss of £29m.
Within commercial lines, motor improved to 101% from 106% in the comparable period of 2011, and was a substantial improvement on the 113% reported for the full year.
In contrast, property deteriorated to
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