The Aviva group’s operating profits have increased by 21% during the first half of 2010, said Aviva NDB Insurance in a press release.“This was a good half year for Aviva. We achieved a 21% increase in operating profits, grew sales for the third consecutive quarter and improved the group’s margin,” said the group Chief Executive of Aviva, Andrew Moss.
The company said its profits in the Asia Pacific increased supported by strong economic growth and increased profitability of existing business. The current environment is also seen as promising for Sri Lanka.
“The strong pick up in UK and Europe sales may well be an indication that fears of a worsening global recession are overplayed. This bodes extremely well for us in Sri Lanka as we become more and more plugged into the global economy,” said.
Managing Director of Aviva NDB Insurance, Shah Rouf. The company added that Aviva NDB has been able to draw on the global strength of the Aviva group to bring its customers world-class products. The Aviva group saw profit growth in the UK and Europe, which account for more than 80% of Aviva’s regional operating profit. Together, these two regions comprise the world’s largest life and pensions markets. |
E-mail
