Aviva publishes Q3 trading update

Aviva has reported gross written premium in UK personal lines of £2,147m for the first nine months of 2023. This was up by 20% on the same period last year. UK commercial lines saw gross written premium rise 11% to £2,390m. Aviva’s undiscounted combined operating ratio deteriorated by 1.6 percentage points to reach 96.1% for the period.

Amanda Blanc (pictured), group chief executive officer at Aviva, said: “Aviva has delivered nine months of strong growth. We have clear trading momentum, driven by our uniquely diversified business, as well as our leading positions in growing markets.

“We have continued to expand our capital-light businesses, which now make up over half of our portfolio. We see significant opportunities to generate further higher return, capital-light growth in the future as we prioritise these segments.”

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