The insurance giant Aviva has seen a decline in world-wide sales in the nine months to the end of September. As of the end of the third quarter, total sales stood at £30,597m down 5% on the same period of 2010.
Not all the figures were as gloomy, however. The key "operating ratio" figure, which combines investment and underwriting figures to show whether Aviva is making a profit, stood at 96% in September, better than the 97% at the same point in 2010. A figure over 100% implies the firm is making less money from investments than it is liable for in insurance claims.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Thousands of estates are sitting unclaimed in the UK – is your family name on the list?More than 5,700 unclaimed estates are on a government list waiting to be found by living relatives. We take a look at the list, and explain how to make a claim
-
420,000 more pensioners to be dragged into paying income tax – how does tax on the state pension work?Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data shows. We look at how taxation on the state pension works.
