Aviva records 6% increase in operating profit
Aviva posted a 6% increase in group operating profit to £2.17bn for the 2014 financial year, and an improved combined ratio, as CEO Mark Wilson warned the firm had “further to travel” with its turnaround plan.
The group combined operating ratio stood at 95.7%, an improvement on the 97.3% COR recorded in 2013.
In general insurance, the combined operating ratio improved 1.6 percentage points to 95.7% (FY13
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