Aviva posts 20% rise in operating profit to £2.7bn
CEO Mark Wilson celebrates “a highly satisfactory set of results” for 2015.
Aviva has posted a group combined operating ratio (COR) of 94.6% for 2015, an improvement on the 95.7% achieved the year before.
The insurer also revealed a 20% leap in operating profits to £2.67bn for the year from £2.21bn in 2014.
However the profit after tax tumbled by 38% to £1.08bn (2014: £1.74bn).
In general insurance and health, operating profits fell 5% to £765m (2014: £808m).
The insurer said this reflected a £81m decline in investment income.
The underwriting profit was up at £374m
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