Aviva has revealed that its UK private traces enterprise was up 27% within the first quarter of 2024 contributing to a 19% hike usually insurance coverage premiums to £1.7bn.
Private traces enterprise rose to £893m with about half the expansion coming from charge and half from new enterprise.
UK industrial traces grew 10% year-on-year to £776m together with a 12% uplift in SME premiums.
The supplier’s UK undiscounted mixed working ratio additionally improved to 97.3% from 98.4% within the first three months of final 12 months. Aviva famous it had benefited from the earn by way of of ranking actions taken in 2023 and continued development in retail enterprise.
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