UK insurer Aviva reported its General Insurance premiums up 9% to GBP 2.9 billion in 1Q2025 (1Q24: GBP 2.7 billion). UK&I GI premiums rise 12% to GBP 2.0 billion (1Q24: GBP 1.8 billion) with 8% growth in Personal Lines and 15% growth in Commercial Lines, reflecting strong new business and the acquisition of Probitas.

According to the Aviva’s report, Canada GI premiums of GBP 0.9 billion went up 5% at constant currency (flat in reported currency) with Personal Lines up 10% driven by pricing actions. Commercial Lines was 2% lower as Aviva maintained discipline with focus on margins over volume.

Group undiscounted combined operating ratio (COR) reached 96.6% (1Q24: 95.8%). Aviva noted an improvement in the underlying COR as pricing actions taken continue to earn through was more than offset by elevated CAT activity, including Storm Eowyn.

“Aviva has got off to a great start in 2025. We continue to trade strongly, serving our customers well, growing profitably right across the group, and demonstrating the resilience of our diversified business in a period of market volatility”, said Amanda Blanc, Group Chief Executive Officer. “Aviva has leading positions in growing markets and we have seen excellent trading in a number of areas. General insurance premiums increased by 9%, with strong performances in both personal and commercial insurance, including a travel insurance partnership with Nationwide and the benefits of acquiring Lloyd’s insurer Probitas. In our Wealth business, we secured GBP 2.3 billion of net flows which is an encouraging 5% of opening Assets Under Management, and we increased net flows by 52% in our Platform business. In Retirement, our investment in the business and higher interest rates are driving growth in individual annuities where we increased sales by 32%. We also continue to see high levels of interest in health insurance and we grew sales by 19% with strong demand from consumers and employers”, the Group CEO added.

“We continue to be very positive about the outlook for 2025. Our balance sheet is strong, we have a clear customer-focused strategy which we continue to deliver at pace and our market-leading businesses are growing well, especially in capital-light areas. We are increasingly confident about Aviva’s prospects and meeting our financial targets”, Amanda Blanc emphasized.

The Aviva 1Q2025 trading update report can be found here.