Aviva to grow motor book as profits and premiums rise
Aviva’s half year results for UK general insurance have revealed an operating profit of £242m, up 6% (H12010: £229m).
Sales were up 14%, with net written premiums at £2,222m, while its combined operating ratio (COR) improved two percentage points to 96%.
Personal motor customers increased, with net written premiums up 24% at £705m (H1 2010: £569m). Personal and commercial motor rates increased by 21% and 10% respectively. Homeowners increased by 6% and Aviva said there were low single digits in commercial non-motor.
Aviva said it planned to grow its motor insurance business further and would shortly be
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