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Aviva felt optimistic in the mid-year assessment

by

Frédérique De Simone

8 August 2019 13:30

Photo : Freepik

The recovery plan ofAviva plc, including pricing, compensation, and risk selection, has helped to rebalance the ratio combined ratio operating in the first two quarters 2019.

At the end of the first 6 months of 2019, the combined ratio operating in Canada obtained a better result than at the same date in 2018. For the first two quarters, the combined ratio of operating is 97.5 %, while it was 104,6 % in the past year.

Improvement in other regions

In general, the division of Europe, Asia and Aviva Re has improved its combined ratio, compared to that of 2018. However, in the Uk, the ratio is 94.3% at mid-year 2018 95.7 % to the corresponding period in 2019.

In total, for the whole group, the combined ratio of operating is of 95.9 % to the sum of the first 6 months of 2019, compared to 97.4 % for the same period a year earlier.

“Aviva has a strong foundation on which to rely, but there is still much to do to improve our performance,” said president and chief executive officer of Aviva plc ‘s Maurice Tulloch.

Life and health insurance

In life insurance, the sum of the first two quarters 2019, Aviva recorded gains of 1.28 billion euros (€). This represents a decrease of 8% compared to the same date last year.

The sector of insurance and health-has registered a net profit 391 million euros (M€). This is 29 percent more than last year, where the profit for this sector was 302 M€.

In total, the operating income remained almost unchanged compared to the 2018. During the first half of 2019, Aviva, the latter is prepared from 1.45 G€. It is a growth of 1% compared to 2018, where the profit was 1.44 G€.

“Our financial position remains strong, said Mr. Tulloch, with a capital surplus of 11.8 G€ and 2.3€ B cash of the group. It is important to maintain such a surplus of capital, as we continue to reduce our debt and to cope with uncertain market conditions. “Aviva says it is” ready and resilient ” for the rest.

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