Lithuania: Profits of Aviva Lietuva and the whole Aviva group have increased

The general business profits of the world's fifth largest insurer, the Aviva group, calculated in accordance with actuarial accounting standards, reached £1.7 billion (7.4 billion litai) over the first six months of 2008, which is 12% more than for the corresponding period in 2007.

Sales of the Aviva group's long-term savings products (life insurance and pension fund) grew 11 per cent (comparing the first half of 2007 and 2008) and reached £17.3 billion (75.3 billion litai). In Europe the group's sales grew 15%, in Asia 20% and in North America 28%.

"Despite the upheavals that have taken place over the last year in the world economy, Aviva has made significant progress in the first half of this year. Our financial and sales results convincingly demonstrate this," said Andrew Moss, the Aviva group's executive director.

Aviva Lietuva, the group's Lithuanian operation, also had successful results in the first half of this year. The firm's general profits for the first six months of 2008 reached 5.1 million litai, which is 50% more than in the corresponding period in 2007. The firm earned 4.2 million litai profits from life insurance. This year, for the first time since the firm commenced pension fund activity in 2003, this activity has earned a profit of 900,000 litai. Aviva Lietuva sales have also grown. In total, over the first half of 2008, the firm has signed life insurance deposits worth 38.9 million litai, which is 22.3% more than for the same period in 2007.

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For more information please contact:

Vaidotas Aleksiūnas
Head of Marketing and Public Relations
Telephone: (8 5) 269 0620
Mobile: 8 6822 2201
E-mail: vaidotas_aleksiunas@aviva.lt

Indrė Minderienė
Senior Communications Specialist
Telephone: (8 5) 269 0610
E-mail: indre_minderiene@aviva.lt