Aviva: stock down despite encouraging start to year
(CercleFinance.com) - Aviva shares are down over 3% in London today, despite the insurance company announcing an encouraging start to 2023 in its Q1 trading update and expressing confidence in its prospects.
New business volumes are good, despite continuing economic uncertainty, and the group has delivered another quarter of strong growth across its diversified businesses, management says.
Aviva reported sales growth of 11% in protection and health insurance, 17% in pensions and an 11% increase in gross written premiums at constant exchange rates in general insurance.
Saying that it is uniquely placed to navigate the current economic environment successfully, management expressed its confidence in the outlook, the achievement of financial targets and the group's prospects.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
New business volumes are good, despite continuing economic uncertainty, and the group has delivered another quarter of strong growth across its diversified businesses, management says.
Aviva reported sales growth of 11% in protection and health insurance, 17% in pensions and an 11% increase in gross written premiums at constant exchange rates in general insurance.
Saying that it is uniquely placed to navigate the current economic environment successfully, management expressed its confidence in the outlook, the achievement of financial targets and the group's prospects.
Copyright (c) 2023 CercleFinance.com. All rights reserved.