Aviva hails UK GI performance as overall operating profit rises 5%
Continued strong motor rate increases in the first half of 2011 have helped Aviva post a combined operating ratio of 96% for its UK general insurance business (H1 2010: 98%), with personal motor pushing through 21% alongside a net written premium rise of 24% to £705m (H1 2010: £569m).
Rate rises in commercial motor came in at 10%, while other markets remained more subdued with a 6% increase in homeowner and low single-digits in commercial non-motor.
UK GI operating profit increased
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