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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