Aviva has reported a first-half working revenue of £715m, an 8% enhance compared with the primary six months of 2022.
Working earnings per share throughout the interval that ended 30 June 2023 elevated 10% to 19.9p from final 12 months’s 18.1p.
Aviva operates within the UK, Eire and Canada and has worldwide investments in India, China, and Singapore.
The insurance coverage supplier attributed the expansion in earnings to the robust efficiency throughout its normal and medical health insurance operations.
It expects the full-year 2023 group working revenue to develop between 5% to 7% from £1.35bn in 2022.
Common Insurance coverage gross written premiums (GWP) throughout the UK, Canada and Eire had been £5.27bn, a rise of 12% year-on-year (YoY).
Working earnings within the phase jumped 29% to £470m.
Annual premium equal (APE) throughout the safety and well being phase elevated by 23% to £223m from £181m a 12 months in the past, pushed by larger gross sales in well being and particular person safety plans.
Particularly, in particular person safety, Avia skilled gross sales progress of greater than 20% and medical health insurance premiums elevated by 58% resulting from strains on public well being providers.
Aviva introduced an 8% enhance in interim dividend per share throughout the interval below overview to 11.1p from 10.3p YoY.
Aviva CEO Amanda Blanc stated: “Within the first half of 2023 we grew gross sales, working revenue and dividends for our shareholders. We anticipate to make additional robust progress with our clear technique, progress alternatives in all of our markets, and the £1bn funding effectively underway to speed up our future efficiency.”
