Aviva Canada - Half Year 2019 Results
August 8, 2019 (Toronto, Ontario) – Aviva plc launched the results for 2019 half year in London, UK. To read the full press release from Aviva plc, please click here.
Jason Storah, Chief Executive Officer, Aviva Canada, said:
Our focus in Canada over the last two years has been returning our business to profitability. As expected, our remediation plans around pricing, indemnity management and risk selection have resulted in an improved combined operating ratio of 97.5% in the first half of 2019, compared to 104.6% in the first half of 2018 and 100.2% in the second half of 2018. Additionally, our operating profit of $171 million has significantly improved compared with the prior period last year (2018 HY1: loss of $22 million). This improvement in performance is thanks to the hard work and support of our employees, brokers and partners.
Whilst the results are encouraging, we still have much more to do in order to deliver a sustainable and affordable suite of insurance products for Canadians. We remain committed to improving the fundamentals of our business, providing a great claims experience and excellent customer service.