Aviva's UK COR worsens as net written premiums fall by 5%
Aviva has revealed a combined operating ratio (COR) of 98% for its UK general insurance business in the first quarter of 2013.
This is a 1% deterioration from the COR of 97% reported in the first three months of 2012.
Aviva’s group COR remained stable at 96%.
The UK general insurance business reported net written premiums of £923m, down 5% from the same period of last year when the provider posted net premiums of £974m.
The provider highlighted that across the group operating expenses had fallen by 10% to £769m (Q1 2012: £852m).
Mark Wilson, Aviva CEO, commented: “Aviva is a turnaround story and these results
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint