British insurer Aviva reports added profits in first half of 2014

0 Comment(s)Print E-mail Xinhua, August 7, 2014
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British insurer Aviva on Thursday announced the group's operating profit in the first six months of 2014 was 1.05 billion pounds (1.77 billion U.S. dollars), up by 4 percent compared to the first half of 2013.

Interim dividend per share was up by 4.5 percent year-on-year to 5.85 pence in the first half of this year, the firm said.

Cash remittances increased by 7 percent to 612 million pounds in the first half, while operating capital generation was stable at 910 million pounds, data showed.

Operating profits from Aviva's fund management arm climbed by 14 percent to 48 million pounds.

Mark Wilson, group chief executive officer, said: "We have been resolute in improving efficiency and our results are starting to reflect this. Higher profit and lower operating expenses have resulted in an operating expense ratio of 52.1 percent."

"While some macro-economic trends are encouraging, we are not waiting for the markets to spur improvement in results," added Wilson. (1 pound = 1.69 U.S. dollars) Endit

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