Aviva's general insurance COR soars to 106.3%


The rise, from 94.9% in 2015, was due to the lowering of the discount rate to minus 0.75% which incurred a £380m one off charge to the business. Profit after tax fell by 22% from £1.09bn in 2015 to £859m last year. Excluding the Ogden rate decision, group GI COR would have been 95.2%, still higher than its 2015 figure. Colm Holmes, UK CEO of general insurance at Aviva, said that the company's net written premiums increased substantially: "Net written premiums increased by £341m to