Aviva grows UK GWP by 4% in Q1
Aviva has posted a 4% rise in UK gross written premiums for the first quarter of 2022 to £1.24bn but a deteriorating combined operating ratio of 99.4%.
The breakdown showed an 11% increase in UK commercial lines business in Q1 with GWP reaching £611m.
The insurer noted this was due to continued rate momentum and new business growth and retention. The provider achieved 12% growth in SME and 9% in global corporate and specialty lines.
However, GWP in personal lines fell by 2% year-on-year to £627m from £643m in Q1 2020.
This was despite the Financial Conduct Authority’s ban on dual pricing leading to increased policy retention across home and
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