Profits up at Aviva as premiums fall
Aviva has revealed a 5% increase in operating profits for its UK general insurance (GI) business to £239m for the first half of 2013.
The provider stated that for the first six months of the year net written premiums in the UK fell to £1.96bn (H1 2012: £2.09bn).
However it added that the combined operating ratio (COR) had improved to 96.3% from 97.2% in the same period the year before as it "benefitted from disciplined underwriting and relatively benign weather".
The insurer also highlighted that market conditions in the UK for personal motor remained "challenging, with increased competition during the period and uncertainty
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