Media Statement
Aviva Canada posts full-year 2023 results
March 7, 2024 (Toronto, ON) – Insurer Aviva plc reported its full-year 2023 results today. Tracy Garrad, CEO of Aviva Canada had this to say about the Canadian performance:
“Aviva Canada delivered another set of strong and consistent results in 2023, outperforming the industry despite the impact of adverse weather events and heightened auto theft. We closed the year with a Combined Operating Ratio* of 95.3%, double-digit growth in GWP and an operating profit of $670 million.
Today’s results speak to the hard work of our brilliant people, the ongoing support and collaboration of our brokers and partners, as well as the trust our customers place in us. We feel strongly about the momentum of this business. In 2024, we’ll be relentless in our focus on executing our strategy, maintaining underwriting discipline and improving customer, broker and partnership experiences through targeted investment.”
[ends]
*All COR results cited are on an undiscounted basis.
Media Contact:
Parveen Singh
Email: parveen.singh@aviva.com
Tel: 437-221-3492
About Aviva Canada
Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, lifestyle, and business insurance to 2.4 million customers. As a subsidiary of UK-based Aviva plc, Aviva Canada has more than 4,000 employees focused on creating a sustainable future for our people, our customers, our communities and our planet. In 2021, Aviva plc announced Aviva’s global ambition to become a net zero carbon emissions company by 2040.
For more information, visit aviva.ca or Aviva Canada’s blog, Twitter, Facebook and LinkedIn pages.