Aviva UK working cash in slips in 2022 as COR ticks up

Aviva’s UK blended working ratio worsened to 96.1% in 2022, from 94.6% the yr prior to, with working cash in down 3% to £309m.

The supplier grew gross written premiums by way of 8% to £5.32bn, which used to be pushed by way of double-digit expansion in industrial traces and its retail channel attracting extra consumers.

UK industrial traces GWP used to be up 12% to £2.93bn because of a mixture of sturdy retention, new industry expansion and a hard-rating atmosphere. Inside industrial, SME grew 13% supported by way of mid-market and digital-traded industry.

£5.32bn

Aviva grew gross written premiums by way of 8% to £5.32bn

UK non-public traces GWP used to be up 2% to £2

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