Personal lines the stand out as Aviva UK GI GWP jumps 19% in Q1
Aviva has revealed that its UK personal lines business was up 27% in the first quarter of 2024 contributing to a 19% hike in general insurance premiums to £1.7bn.
Personal lines business rose to £893m with about half the growth coming from rate and half from new business.
UK commercial lines grew 10% year-on-year to £776m including a 12% uplift in SME premiums.
The provider’s UK undiscounted combined operating ratio also improved to 97.3% from 98.4% in the first three months of last year. Aviva noted it had benefited from the earn through of rating actions taken in 2023 and continued growth in retail business.
Over the last few months I’ve been able to meet
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