2007 was a successful year for Aviva životní pojiš?ovna, as, particularly in the area of regular insurance premiums, which is the insurance company's core business.
- Aviva životní pojišťovna, as financial results for 2007
2007 was a successful year for Aviva životní pojišťovna, as, particularly in the area of regular insurance premiums, which is the insurance company's core business. Aviva recorded a year-on-year growth of 12.63% in this sector, compared with the 6.39% growth notched up by the insurance market as a whole (according to preliminary data from the Czech Association of Insurers for 2007). Gross written premiums last year reached CZK 788.5 million, representing a year-on-year growth of 8.77%.
In the Czech Republic Aviva specialises in investment life insurance products, which are in great demand around the world. Further indicators also confirm the positive trend - the volume of newly concluded policies (APE) was up 20% year-on-year and the company‘s assets recorded an 18% rise, reaching almost 3 billion Czech crowns (CZK 2 931.6 million).
"Our new business was up 20 % year-on-year and that made 2007 the most commercially successful year in Aviva's history in the Czech Republic. The main factor behind the growth was the internal business network and we also witnessed a very promising development in external commercial channels," Karel Veselý, general manager of Aviva životní pojišťovna, comments on the results.
The financial results at the Aviva parent group (Aviva plc) were hit by the settlement of claims caused last year by the biggest floods in Britain for the last 60 years. Nevertheless the group's EEV operating profit (before tax) rose year-on-year by 1%. The Aviva group also achieved fantastic results in life assurance and pension assurance, where the volume of newly concluded policies reached £38.6 billion (€52.6 billion), representing a year-on-year growth of 25%. Globally, EEV operating profit before tax from life insurance was up 35% year-on-year to £2,753 million (€3,753 million).
Aviva životní pojišťovna, as basic economic indicators for 2007 and 2006 (in millions of CZK).
|
| 2007 | 2006 | Year-on-year growth |
| Gross written premiums (per annum) | 788.5 | 724.9 | + 8.77% |
| Total assets (net amount, as at 31 December 2007 and 2006) | 2,931.6 | 2,483.4 | + 18.05% |
| Of which: financial placements | 2,811.6 | 2,372.7 | + 18.50% |
| Technical reserves (net) | 2,390.9 | 1,990.5 | + 20.12% |
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For more information please contact:
Milan Starý
Marketing Manager Aviva životní pojišťovna, as
E-mail: milan.stary@avivazp.cz
Note for editors:
The origins of Aviva date back to the end of the 17th century, more than 300 years ago. Aviva plc is currently the fifth biggest insurance group in the world, the foremost life insurance company in Europe and the biggest insurer in Great Britain. The company's core business is the provision of life and property insurance services and fund management. The company employs over 59,000, serving 40 million clients in more than 25 countries around the world.
Aviva plc has been active in the Czech Republic since 1997 via its 100% owned subsidiary company Aviva životní pojišťovna, as (known as Commercial Union životní pojišťovna, as until 2002). It is the first and only British life insurance company in the Czech Republic and specialises in investment life insurance products (Aviva EasyLife, Talisman, Aviva benefit). Aviva regional offices may be found in all regions of the Czech Republic.