New life, savings and pensions business has grown by 26% to €5,154.90m (2004: €4,081.10m). This figure is bolstered by the inclusion, for the first time, of a complete year of the activity of Antarius, the life insurance subsidiary jointly owned with Crédit du Nord.
NEW LIFE BUSINESS: +26%,
UNIT-LINKED PRODUCT COMPONENT: +73%
These results are based on the PVNBP, or “present value of new business premiums”, according to the EEV (European embedded value) principles applied by the CFO Forum.
- New life, savings and pensions business has grown by 26% to €5,154.90m (2004: €4,081.10m). This figure is bolstered by the inclusion, for the first time, of a complete year of the activity of Antarius, the life insurance subsidiary jointly owned with Crédit du Nord. Excluding Antarius, the growth in new business is 5%.
- Specialising in life insurance and unit-linked products, Aviva records a 73% increase in accumulation units for a sum of €2,078.10m. Sales of unit-linked products represented 42% of the total sales of savings products in 2005, thanks to a combination of three factors: a dynamic sales network, effective financial management and growing client interest in accumulation units thanks to the high-quality advice given by Aviva.
These unit-linked product sales account for:
- 71% of sales of savings products, excluding AFER and Antarius, with growth of 18%,
- 22% of AFER sales, which have risen 78%. - Managed assets totalled €67 billion at 31 December 2005, up 12%. For the fourth consecutive year, Aviva Gestion d’Actifs has been awarded the Golden Laurel by the leading French investment magazine, Investir, in recognition of its range of mutual funds over five years.
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. In terms of gross premiums, Aviva is the world’s sixth-largest insurance group.
- Aviva operates in three main areas: life insurance and long-term savings, asset management and non-life insurance. Its annual premium income totals almost Ł40 billion and its managed assets stood at more than Ł280 billion on 31 December 2004.
- The financial press releases for the 1st and 3rd quarters only concern new life, savings and pensions business.
- Press releases are available on the www.aviva.com and www.aviva.fr websites.
Media contacts:
Sophie Le Blévec sophie_leblevec@aviva.fr +33 (0) 1 7662 5786
Laurent Gibert laurent_gibert@aviva.fr +33 (0) 1 7662 7300