New business premiums for life, savings and pension, down 9% to 3,614 million € at 30 September 2008 (30/09/07: 3,973 million €), in line with the market.
New business premiums for life, savings and pension, down 9% to 3,614 million €1 at 30 September 2008 (30/09/07: 3,973 million €), in line with the market.
Percentage of units of account in total sales stood at 27% at 30 September 2008 (30/09/07: 45%), due to the economic situation and competition from short-term banking products. This reduction in sales of unit-linked contracts is balanced out by the increase in new business premiums in euros.
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Press contacts:
Estelle Joubert
Telephone: 01 76 62 57 86
E-mail: estelle_joubert@aviva.fr
Laurent Gibert
Telephone: 01 76 62 73 00
E-mail: laurent_gibert@aviva.fr
Notes to editors:
About Aviva
Aviva is Europe's leading provider of life assurance and pension savings with strong positions on other markets around the world. Based on gross premiums at 31 December 2007, Aviva was the world's fifth-largest insurance group. Aviva's three principal businesses are life assurance and long-term savings, asset management and non-life insurance, with a total turnover of €56.7 billion in 2007 and €455 billion in assets under management at 30 June 2008.
With more than 150 years' experience in France, Aviva is one of the top 10 players in the insurance market. Aviva France stands out from the crowd with its solid, balanced and profitable multi-distribution model: 875 general agents, 1800 branch staff, 400 life assurance advisers and more than 1000 brokers. Aviva also has major partners such as AFER, the largest savings association in France, the Crédit du Nord Group, the Union Financière de France and Médéric. Specialising in unit-linked products, Aviva is recognised for the excellent performance of its long-term funds and solid commitment to its customers through its "Good Advice" approach. Aviva employs more than 3300 staff in France. At 31 December 2007, Aviva France recorded consolidated sales of €6.5 billion and an IFRS net profit of €338 million. The company managed assets of €71.4 billion at 30 June 2008.
1 These results are expressed in PVNBP (Present Value of New Business Premiums): updated annual value of new business premiums on an EEV (European Embedded Value) basis set out by the CFO Forum.