Aviva 1Q General Insurance Sales Rose; Backs Dividend Guidance
18 May 2022 - 05:10PM
Dow Jones News
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)
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