Aviva maintains momentum with strong sales
Aviva recorded a 5% rise in worldwide sales, to £35.9 billion, over the first nine months of 2010, compared with a year earlier.
Long-term savings sales were up 6% (£28.6 billion) and general insurance and health net written premiums rose 4% (£7.3 billion).
Looking to the future, group chief executive, Andrew Moss, expects the insurer to capitalise on its leading market positions in the UK and Europe, and deepen its position in key markets “to maximise the benefits of having life and general insurance under one roof”.
The chief executive cited Aviva’s UK business is an “excellent example” of the strategy, in terms of delivering value for both shareholders and customers.
He also highlighted the fact that the group maintained the momentum created in the first half of the year with its third-quarter performance, and is on track to deliver “strong profitable growth and outstanding capital generation for the full year 2010″.
Aviva is also on track to achieve £200 million of cost savings and a further £200 million of efficiency savings by the end of 2012.
Staff numbers have shrunk by 19% since 2007, including disposals and outsourcing.
Category: Aviva News, Financials, Insurance News
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