March 2, 2022 (TORONTO, ON) – Insurer Aviva plc reported its annual results today. Jason Storah, CEO of Aviva Canada had this to say about the Canadian performance:
“Aviva Canada delivered strong results in 2021 with a combined operating ratio of 90.7% from 94.7% (FY2020) and premium growth of 5.6%. This is the result of a lot of hard work to improve the performance of this business over the last three years. While inflation will continue to drive higher claims costs, putting continued pressure on rates, I’m proud of our highly engaged and committed people who are working hard every day, delivering for our customers, brokers and partners.”
For a full overview of Aviva plc results, the global press release is available here.