Finally, some good news coming out of Aviva Plc after the group reported full-year financial results that saw its operating profit climb by 6%, operating EPS rise by 8%, and general insurance net written premiums increase by 2%. Amid this rosy picture, it was Aviva’s Canadian operation that was singled out as helping to drive the company’s recovery. In fact, Aviva Canada’s combined operating ratio improved from 103.1% to 97.8% while net written premiums also inched upwards by 5% to $5,280 million.
The CEO at the centre of these positive results is Jason Storah (pictured), who was named to the head role in June 2019. While he’s leading the company through a better time after a long period of tough results, he says these figures are a “culmination of work that I and others in the team have been focused on for a couple of years now.”
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