 Aviva, owner of Norwich Union, has been expanding abroad |
The UK's biggest UK insurer Aviva has posted a 27% jump in half-year profits boosted by life insurance sales and the purchase of breakdown firm RAC. Aviva, which also owns Norwich Union, said operating profit rose to �1.7bn from �1.32bn a year earlier.
The company said it had seen good growth across most of its main markets, with UK sales up 43%, European sales 10% higher and the US adding 24%.
Aviva also confirmed it was planning to raise its dividend by 10%.
Last month, Aviva agreed to buy US rival Amerus for �1.6bn as it looks to expand in the world's largest insurance market.
"Looking to the future, Europe and the US will be the two biggest long-term savings markets over the next decade," said Aviva boss Richard Harvey.
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