Insurance Post

Aviva reports 4% rise in pre-tax profit

Aviva has reported that pre-tax operating profits rose to £2.97bn in 2008 compared to the previous year (2007: £2.216bn). However, it reported a net loss of £885m (2007: £1.498bn profit).

The insurer reported that annual profits in its general insurance and health division rose 17% to £1.198bn (2007: £1.021bn).

Using new European reporting principles, market consistent embedded value

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