Aviva's UK GI business sees boost in premium and profit
After four quarters of consecutive growth, UK GI net written premiums increased 5% to £4bn (2009: £3.86bn) and operating profit for UK GI and health also rose 8% to £579m (2009: £535m).
Aviva's 2010 end of year results have revealed a combined operating ratio (COR) of 96% (2009: 99%) for UK general insurance (GI).
Aviva said its approach to reserving and prior year releases has remained consistent to previous years which was £372m in 2009.
Overall the group's GI and health net written premium rose 6% to £9.7bn (2009: £9.19bn) and operating profit rose to £1.05bn (2009: £960m). Its COR was 96.8% (2009: 99%).
The insurer said the UK GI and health results demonstrated the quality
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