A few words from Fraser Edmond
Last week we updated the market on our progress so far this year. You’ll see that despite the overhaul of the UK annuities market, the weather challenges in Canada and the UK, and a stronger Sterling, the results show that the momentum in the turnaround here at Aviva continues.
Our operating profits have increased 4% and operating expenses are down 8%.
Focussing on our UKGI business, we’ve reported a 94.3% COR versus 96.3% in our half year 2013 results – the lowest for 7 years.
This underlying strength is providing a solid platform for growth. Our top priority for the remainder of this year is to focus on responsible growth.
Our results have been driven by clear distribution management, disciplined underwriting, great claims management and rigorous expense control. Our business is in great shape for the future and all the hard work we’ve been doing to transform our business and performance is beginning to be felt and more importantly recognised by you and your clients. We’ll continue to focus on being better for you and your clients, as we continue to push hard to drive responsible growth.
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