[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Wednesday, 9 August 2006, 06:39 GMT 07:39 UK
Aviva profits up on world demand
Norwich Union office
Aviva, owner of Norwich Union, has been expanding abroad
The UK's biggest UK insurer Aviva has posted a 27% jump in half-year profits boosted by life insurance sales and the purchase of breakdown firm RAC.

Aviva, which also owns Norwich Union, said operating profit rose to 1.7bn from 1.32bn a year earlier.

The company said it had seen good growth across most of its main markets, with UK sales up 43%, European sales 10% higher and the US adding 24%.

Aviva also confirmed it was planning to raise its dividend by 10%.

Last month, Aviva agreed to buy US rival Amerus for 1.6bn as it looks to expand in the world's largest insurance market.

"Looking to the future, Europe and the US will be the two biggest long-term savings markets over the next decade," said Aviva boss Richard Harvey.


SEE ALSO
Aviva buys US insurer for 1.6bn
13 Jul 06 |  Business
Aviva in talks to buy US insurer
07 Jul 06 |  Business
International sales boost Aviva
27 Apr 06 |  Business
Aviva scraps bid for Prudential
24 Mar 06 |  Business
Aviva rules out hostile Pru offer
20 Mar 06 |  Business
Insurer Aviva sees profits surge
02 Mar 06 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific