# General, health insurance help Aviva to H1 profit beat
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-08-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Aviva's General and Health Insurance Drive 8% Profit
Meta Description: Aviva's strong performance in general and health insurance drives an 8% rise in first-half operating profit, exceeding forecasts. CEO expects full-year
URL: https://financedigest.com/general-health-insurance-help-aviva-to-h1-profit-beathtml

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# General, health insurance help Aviva to H1 profit beat

LONDON (Reuters) -British insurer Aviva posted an 8% rise in first-half operating profit to 715 million pounds ($909 million) on Wednesday, helped by strong performance in general and health insurance that could boost full-year numbers by as much as 7%.

Analysts in a company-compiled consensus poll had forecast operating profit of 701 million pounds, while Aviva estimated full-year 2023 operating profit growth of 5-7%.

“We expect to exceed our financial targets and we are making progress each quarter,” CEO Amanda Blanc said in a statement.

The company said it would pay an interim dividend of 11.1 pence, up 8% and against a forecast 11 pence.

General insurance operating profit rose by 29% to 470 million pounds, reflecting strong performance in all of Aviva’s main regions of Britain, Canada and Ireland along with higher investment income.

Sales in private health [insurance rose by 58% for both individual and corporate customers](https://www.financedigest.com/revolutionising-finance-exploring-the-impact-of-omnichannel-insurance-on-customer-experience.html "Revolutionising Finance: Exploring the Impact of Omnichannel Insurance on Customer Experience"), with Aviva pointing to pressure on public health services helping to drive demand.

But profits in the insurer’s wealth and retirement [business dropped 13% to 436 million pounds following additional investment](https://www.financedigest.com/what-green-criteria-sustainable-finance-houses-look-for-when-conducting-due-diligence-and-how-businesses-seeking-to-attract-investment-can-get-their-house-in-order.html "What green criteria sustainable finance houses look for when conducting due diligence, and how businesses seeking to attract investment can get their house in order") in its wealth unit.

Aviva [Investors saw external net inflows of 190 million](https://www.financedigest.com/thames-water-pulled-back-from-the-brink-after-investors-pump-in-960-million.html "Thames Water pulled back from the brink after investors pump in 0 million") pounds.

($1 = 0.7865 pounds)

(Reporting by Carolyn Cohn, editing by Sinead Cruise)


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