Aviva reveals vibrant sales


Worldwide insurance group Aviva's operating profits have increased by 27 per cent to £1.7 billion, as part of record half-year results announced today.

The firm, which operates under the Norwich Union brand in the UK, saw its global insurance sales go up 25 per cent, boosted by rising demand for life insurance policies.

Total revenue during the last six months stands at £14.5 billion, with UK-only sales soaring by 43 per cent to £6.9 billion.

Aviva completed the takeover of US-based competitor Amerus for £1.6 billion, and its chief executive, Richard Harvey, emphasised the importance of further market penetration in world markets.

"Looking to the future, Europe and the US will be the two biggest long-term savings markets over the next decade. We are in prime position to capture a significant share of European growth, having secured an early and leading franchise that cannot easily be replicated," he said.

Mr Harvey said that the acquisition of Amerus had given Aviva a "scaleable platform" to continue growth in the world's largest insurance and savings market.

The chief executive added the additional takeover of motor breakdown service RAC meant the group would be well placed to deliver future revenue targets.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure