Aviva delivers growth across the board in Q1

Written by Adam Cadle

23/05/2024

Aviva delivered growth across the board over Q1, according to its latest trading update, with general insurance gross written premiums (GWP) rising 16%, ignoring the effect of exchange rates, to £2.7bn.

Growth was driven by both the UK & Ireland and Canada, with "strong" rates, new business, and customer retention.

Retirement sales rose 13%, driven by higher bulk purchase annuity volumes. Wealth net flows increased by 15% to £2.7bn.

The solvency II ratio dipped to 206% from 207% at the start of the quarter.

Medium-term guidance remains, looking for £2bn of operating profit by 2026.

Aviva CEO, Amanda Blanc, said: “This is another set of excellent results, extending our track record of consistently strong trading. Our diversified business model is continuing to deliver, and we are growing right across the group."

Related Articles