Aviva sales dip on European turmoil
Aviva, Britain’s second-biggest insurer, had life insurance sales of £23.6bn in the nine months to September 30, down eight per cent compared with the same period last year, it said on Thursday.
The decline in life sales was partly offset by a better performance in general insurance, where sales were up nine per cent at £7bn.
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Hide Ad“Whilst the market is likely to remain challenging in the near term, we continue to make good strategic progress and are strengthening customer franchises in key markets,” said Aviva chief executive Andrew Moss.
The group, which has around 4,800 Yorkshire employees, has its UK life and pension business based in York.
Aviva shares closed at 325.1p on Wednesday, valuing the company at about £9bn. The stock has fallen 18 per cent in the year to date, underperforming a 14 per cent decline in the European insurance index.