23 Jul 2008

Insurer Aviva in the first quarter sales rose 2 percent

[Reuters] British insurer Aviva in the first quarter sales rose 2 percent to 9.4 billion pounds, U.S. and Asian markets benefited from the outstanding performance.


Comprehensive foreign April 25, the British insurer Aviva Group (Aviva plc) 25, said 08 of its first-quarter global sales growth of 2 percent year-on-year to 9.4 billion pounds, of which life insurance and pension sales growth year-on-year 5 percent to 8.17 billion pounds.


The company said sales growth benefited mainly from the United States and the Asia-Pacific region's strong sales growth, while British life insurance and pension sales fell 3 percent year-on-year to 2.77 billion pounds.


Aviva said that the current economic situation is expected to make the first half of the market has contracted, but its firm belief that sales will rebound in the second half.

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