Insurance Age

Aviva's UK COR worsens as net written premiums fall by 5%

Mark Wilson
    • Caitlin Morrison

    • Indicative reading time: 1 minute

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Aviva has revealed a combined operating ratio (COR) of 98% for its UK general insurance business in the first quarter of 2013.

This is a 1% deterioration from the COR of 97% reported in the first three months of 2012.

Aviva’s group COR remained stable at 96%.

The UK general insurance business reported net written premiums of £923m, down 5% from the same period of last year when the provider posted net premiums of £974m.

The provider highlighted that across the group operating expenses had fallen by 10% to £769m (Q1 2012: £852m).

Mark Wilson, Aviva CEO, commented: “Aviva is a turnaround story and these results

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