Aviva posts UK profit rise for 2017 as COR improves to 93.9%
Group CEO Mark Wilson says provider is targeting bolt-on acquisitions in 2018.
Aviva has revealed a combined operating ratio (COR) in the UK of 93.9% in its financial results for 2017.
This is compared to the 106.3% posted in 2016, when the provider stated it had been impacted by the Ogden rate change, which added 12.4% to the figure.
The insurer’s UK general insurance operating profit grew by 4% to £408m (2016: £392m), which it said was due to “improved underwriting”.
The provider achieved total net written premiums (NWP) in the UK of £4.08bn (2016: £3.93bn) and stated
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