By Michael Susin

 

Aviva PLC said Wednesday that sales in general insurance rose in the first quarter and reiterated its dividend views for 2022 and 2023.

The FTSE 100 listed insurer said general insurance gross written premiums in the period rose to 2.1 billion pounds ($2.62 billion) compared with GBP2.0 billion a year earlier.

The value of new business in the U.K. and Ireland rose 31% to GBP144 million.

The insurer ended the quarter with a Solvency II ratio--a measure of capital strength--of 198% compared with 191% last year.

Aviva said the acquisition of Succession Wealth remains on track to complete in the second half of 2022.

The company also backed its dividend guidance of around GBP870 million for 2022 and GBP915 million for 2023, or the equivalent of 31.0 pence a share and 32.5 pence a share, respectively.

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

May 18, 2022 02:55 ET (06:55 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Aviva (LSE:AV.)
Historical Stock Chart
From May 2022 to Jun 2022 Click Here for more Aviva Charts.
Aviva (LSE:AV.)
Historical Stock Chart
From Jun 2021 to Jun 2022 Click Here for more Aviva Charts.