Aviva's nine-month insurance premiums rise on Direct Line deal, wealth unit growth

By Reuters News

- British insurer Aviva AV.L reported a 19% rise in nine-month general insurance premiums on Friday, as strong growth in its UK personal lines business and wealth division underpinned a confident outlook for the rest of 2026.

  • Aviva's diversified model, spanning general insurance, wealth management and retirement, has helped it weather a choppy economic backdrop and integrate its £3.7 billion ($4.89 billion) acquisition of motor insurer Direct Line, completed last July

  • Its wealth net flows surged 31% to £10.9 billion in the nine months to September 30, while the group's undiscounted combined operating ratio, a key measure of insurance profitability, improved 0.6 percentage points to 93.8%

  • UK personal lines premiums drove much of the insurance growth, jumping 57% to £5.3 billion in the nine-month period, boosted by the Direct Line deal and a new home insurance partnership with Nationwide

  • Aviva's general insurance gross written premiums rose to £11.8 billion in the period from the £10 billion it reported last year

  • The company expects earnings per share to grow broadly in line with its 11% annual target

($1 = 0.7560 pounds)

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