Aviva's Irish insurance and pensions businesses see 81% rise in operating profits

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 6 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 77%

Finance News

Aviva,Irish,Insurance

The combined operating profits of Aviva’s Irish general insurance and life and pensions businesses rose 81 per cent last year to €87 million, driven by higher investment returns in the general coverage arm. Premiums increased by 5 per cent to €521 million, and the company's investments benefited from a higher interest rate environment. Aviva's combined operating ratio remained stable at 96 per cent.

The combined operating profits of Aviva’s Irish general insurance and life and pensions businesses rose 81 per cent last year to €87 million, driven by higher investment returns in the general coverage arm. The third-largest personal and commercial insurer in the State, Aviva's profits increased by €72 million from €32 million the previous year. Premiums also increased by 5 per cent to €521 million, and the company's investments benefited from a higher interest rate environment.

Aviva's combined operating ratio remained stable at 96 per cent, indicating profitable business operations

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines