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Aviva reports 14% rise in profits

Written by Adam Cadle
14/08/2024

Aviva has reported a 14% rise in H1 adjusted operating profit to £875m.

CEO Amanda Blanc said “greater economic stability and political certainty” is making its UK home market more attractive for investment and growth.

The insurer’s main contributor was its general insurance business, where premiums were up 15% to £6bn.

Sales of bulk annuities slowed from £2.4bn to £2.3bn, but the company said it anticipated it would meet its three-year target of doing £15bn to £20bn of these deals.

The group’s Solvency II capital coverage ratio was two percentage points lower than at the year-end, at 205%, but ahead of consensus estimated collated by the company.


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