Aviva said it expected earnings per share to grow broadly in line with its 11% target this year after general insurance premiums grew 19% to almost £12bn in the first nine months of the year driven by Direct Line and the new home insurance partnership with Nationwide.
Aviva
13 November 2026 07:54:32
Source: Sharecast
General insurance premiums in the UK and Ireland were up 27% to £8.5bn with 54% growth in personal lines which covers areas such as motor and health, supported by the £3.7bn acquisition of Direct Line and continued growth in intermediated business, Aviva said in a trading statement on Friday.
“Commercial lines were 5% lower as we maintained underwriting discipline to focus on profitability in current market conditions,” the company said.
Group undiscounted combined operating ratio (COR) improved 0.6 percentage points to 93.8% co pared with 94.4% in the same period a year ago as strong rate adequacy and favourable prior year development were partly offset by elevated weather-related activity in Canada in the third quarter. The discounted COR was 89.8% compared with 90.4% a year earlier.
Wealth net flows rose 31% to £10.9bn representing 6% of opening assets under management with strong growth in the workplace and platform operations.
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