Aviva's UK operating profit falls in 2020
CEO Amanda Blanc sees opportunities for "material growth" in the UK market as commercial lines premiums continue to grow.
Aviva has reported a fall in operating profit in its UK general insurance business to £182m in 2020, down from £250m in 2019.
But operating profit for GI in total in its core markets, including the UK, Ireland and Canada, was £500m in 2020, up from £488m in 2019.
The figure for net premiums written (NWP) was stable at £7.7bn (2019: £7.7bn), while combined operating ratio (COR) for GI was 96.8%, a small improvement from 97.7% in 2019.
In addition, the GI business recorded an underwriting
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