New life and savings business up 29% to 3,702.3 million euros (2003: 2,874.1 million euros). These figures include the new Antarius business, from the partnership with Crédit du Nord which began on 1/10/04, worth 159.7 million euros.
- New life and savings business up 29% to 3,702.3 million euros (2003: 2,874.1 million euros). These figures include the new Antarius business, from the partnership with Crédit du Nord which began on 1/10/04, worth 159.7 million euros.
- In terms of APE1, new life and savings business has increased by 30%.
- Unit-linked products nearly doubled. This excellent performance across the Aviva networks highlights the appeal of these products to our customers.
- New life business with the AFER at 2,344.6 million euros (+33% against 2003) has reached its highest level since the AFER’s creation in 1976. The number of new subscribers, in excess of 38,000, has risen by 51% compared with 2003.
- The total new life business for all the Aviva networks apart from AFER and Antarius, excluding instalment premiums, stands at 1,115.5 million euros (1,044.7 in 2003), an increase of 8%.
- The revenue generated from instalment-premium products (including the PERP popular retirement savings plans) rose 24% in 2002, to 82.5 million euros (66.8 in 2003).
Bruno Rostain, chairman of the Aviva France Management Board, comments: "2004 was favourable for the development of life activities in general. But the performance of our teams goes well beyond this simple market effect: all the Aviva France networks contributed, supported by operations designed to further enhance the quality of the advice that we give our customers and the excellent financial management delivered by Aviva Gestion d’Actifs. Lastly, 2004 also saw the start of our partnership with Crédit du Nord, under optimum conditions."
1APE (Annual Premium Equivalent) is a standard applied across the UK insurance sector for the calculation of new business. The APE is 1/10th of the value of single premiums plus the total value of instalment premiums.
Media Contacts:
Hervé Poreaux herve_poreaux@aviva.fr +33 (0) 1 55 50 85 92
Sophie Le Blévec sophie_leblevec@aviva.fr +33 (0) 1 55 50 57 86
Notes to Editors:
- Aviva is one of Europe’s leading providers of life insurance and pensions with strong positions in other markets around the world. Aviva is the world’s fifth-largest insurance group based on gross premiums on 31 December 2003.
- Aviva operates in three main areas: life insurance and long-term savings, asset management and non-life insurance. Its annual premium income totals almost Ł30 billion and its managed assets stood at more than Ł240 billion on 31 December 2003.
- Press releases are available on the www.aviva.com and www.aviva.fr websites.