Operating profit came in at £875 million, up 14% and above the £830 million forecast. Aviva also upped its interim dividend by 7% to 11.9p per share.
It said that premiums in its General Insurance business were up 15% to just over £6 billion.
Sales of retirement products were lower, at £3.036 billion, down from £3.223 billion. The drop came due to a "contraction of the Equity Release market" and a £100 million fall in sales of "bulk purchase annuities", the deals made when companies offload their pension schemes, which slipped to £2.3 billion in the period.
This story is from the August 14, 2024 edition of Evening Standard.
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This story is from the August 14, 2024 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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