03/11/2011
By Matt Ritchie
Aviva has weathered ‘exceptionally volatile’ financial markets so far this year and remains on track to meet its financial targets, according to results for the nine months released today.
Figures show worldwide total sales, excluding Delta Lloyd, were £30,597m in the nine months to September compared with £32,058m in the same period last year.
Long-term savings sales were down 8 per cent to £23,630m, while general insurance and health net written premiums were up 9 per cent to £6,967m.
Aviva’s net asset value per share, measured on an IFRS basis, increased by 23 pence to 448 pence, while the firm recorded an IGD solvency surplus of £2.7bn and central liquidity of £2.3bn.
In commentary accompanying the figures, Aviva said it remains on track to meet a net operational capital generation target of between £1.5bn and £1.8bn.
Group chief executive Andrew Moss said the “strong” operating performance meant Aviva remains on track.
“Focusing on capital generation and our capital and liquidity position will continue to be priorities.
“Aviva is fitter and leaner today. Whilst the market environment is likely to remain challenging in the near term, we continue to make good strategic progress and are strengthening customer franchises in key markets, notably the UK.”
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