Aviva chief declares 2005 best yet for GI
UK insurance giant Aviva this morning declared 2005 its "best general insurance result yet". Its general insurance and health profit jumped 22% to £1551 million and it recorded a worldwide general insurance combined operating ratio (COR) of 95% (2004: 97%), comfortably beating its declared 98% COR commitment.
Overall Aviva's worldwide operating profit was up 29% to £2904m.
Richard Harvey, group chief executive, commented: “This is another great set of results from Aviva, delivered by managing our business
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