Aviva’s new business sales up 26% in first nine months

Aviva has reported that its worldwide long-term savings new business sales increased 26% to GBP28.28 billion, in the first nine months of 2007.

Aviva’s life and pensions sales were up 21% to GBP22.94 billion. The new business profit grew 24% with new business margin remaining at 3.6% growth. Aviva Europe has delivered total sales growth of 17% to GBP11.56 billion. The growth momentum continued in Aviva Asia Pacific with total sales up by 66% to GBP3.07 billion. Aviva North America has delivered good performance with 41% increase in total sales to GBP2.70 billion. The Aviva UK has increased its total sales by 5% to GBP10.95 billion.

Andrew Moss, group chief executive of Aviva, said: Aviva’s new business sales in the first nine months of 2007 are highly encouraging and have been achieved at consistently strong margins, in line with our value creation objectives.