H1 15 operating EPS declined by 8.7% to 22.1p, but IFRS operating profit reached £1,170m (up 9.2% year-on-year). Underlying growth and the Friends Life contribution have more than offset adverse forex and disposals. Life insurance and General insurance & Health have posted improvements in profits to £1,021m (+4.9% year-on-year) and £422m (+4.7% year-on-year), respectively. The combined operating ratio reduced by 2.4% to 93.1%. However, Fund Management earnings decreased
11 Sep 2015
No honeymoon with Friends Life
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No honeymoon with Friends Life
Aviva plc (AV:LON) | 497 2 0.1% | Mkt Cap: 13,548m
- Published:
11 Sep 2015 -
Author:
Bassem Neifer -
Pages:
3
H1 15 operating EPS declined by 8.7% to 22.1p, but IFRS operating profit reached £1,170m (up 9.2% year-on-year). Underlying growth and the Friends Life contribution have more than offset adverse forex and disposals. Life insurance and General insurance & Health have posted improvements in profits to £1,021m (+4.9% year-on-year) and £422m (+4.7% year-on-year), respectively. The combined operating ratio reduced by 2.4% to 93.1%. However, Fund Management earnings decreased