Aviva's Nine-Month General Insurance Gross Written Premiums Rose; Mulls Buybacks
09 November 2022 - 07:17PM
Dow Jones News
By Anthony O. Goriainoff
Aviva PLC on Wednesday reported a rise in general insurance
gross written premiums for the first nine months of the year and
said it anticipates additional capital returns to shareholders.
The FTSE 100 listed insurer said general insurance gross written
premiums rose 10% from the year-earlier period to 7.2 billion
pounds ($8.31 billion).
Aviva's Solvency II cover ratio--a key measure of capital
strength--was 223% compared with 234% at June 30.
The company said it expects the rating environment in general
insurance to remain favorable in commercial lines, and that in
personal lines it will continue pricing appropriately for claims
inflation.
The board backed its dividend guidance of around 31.0 pence a
share for 2022, and of around 32.5 pence a share for 2023.
"We are on track to deliver our financial targets and trading
momentum is building... we anticipate commencing additional returns
of capital to shareholders with our 2022 full-year results," Chief
Executive Amanda Blanc said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
November 09, 2022 03:02 ET (08:02 GMT)
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