Aviva's worldwide GI business sees improved operating ratio
Aviva’s worldwide general insurance operations had an excellent start to 2004, according to chief executive officer Richard Harvey, with total operating profit of £613m (2003: £387m) and a combined operating ratio of 97% (2003: 101%) across the group.
Mr Harvey said the results from all of its major businesses benefited from a positive rating environment, lower claims frequency and better than expected weather-related claims experience.“Scale
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