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Aviva profits jump 13%

Aviva, the former CGNU, has announced a 13% rise in operating profit for the first six months of last year to $1.3 billion. The group’s overall operating profit for the six months to June 30 was also up, reaching $2.1 billion.

CEO Richard Harvey said Aviva has achieved solid results in the current market environment. “Although investment markets continue to be turbulent, these results reflect the fact that Aviva is a financially strong company, with resilient and well-diversified businesses.”

He said the general insurance result showed the success of the company’s strategy of focusing on personal lines and small commercial business.