Aviva life insurance's total gross written premiums reached 325.2 million crowns during the first half of this year, representing a 48% growth compared with the same period last year.
- Economic results of Aviva životní pojišťovna, as for the first half of 2005
Aviva life insurance's total gross written premiums reached 325.2 million crowns during the first half of this year, representing a 48% growth compared with the same period last year. This result puts Aviva in first place in this half year, not only in terms of growth rate for life insurance, but for the entire insurance market.
Assets of the insurance company reached 1,675 million crowns, of which 1,596 million crowns is represented by financial placements. Technical reserves as of 30.6.2005 amounted to 1,236 million crowns. Aviva also made an interim operating profit of 6.5 million crowns, substantially better than forecast by the current business plan, which expected planned losses due to further development projects.
"The outstanding economic results reflect the quality of the services we provide and the growing popularity of our products on the Czech market," comments Aviva marketing manager Michaela Jandová. "Our aim in the second half of this year is to maintain and, if possible, increase our rate of growth."
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for the 1st half, as of 30.6.2005 | |||
| 2005 | 2004 | Index | |
| Gross written premiums (for 1st half) | 325.2 | 219.6 | 148.09% |
| Economic results (for 1st half) | 6.5 | -19.4 | |
| Assets (total as of 30.6.2005) | 1,674.8 | 1,127.5 | 148.54% |
| of which: Financial placements | 1,595.5 | 1,042.6 | 153.03% |
| Technical reserves | 1,236.0 | 765.5 | 161.46% |
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For more information contact:
Aviva životní pojišťovna, as
Michaela Jandová
Tel: 221 416 171
Notes 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, one of the three foremost insurance companies 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. Assets managed by the company exceed £272 billion sterling. The company employs over 56,000 people worldwide and provides services to 30 million clients.
Aviva plc has been active in the Czech Republic since 1997 via its 100% owned subsidiary company Aviva životní pojišťovna, a.s. (until 2002 under the name of Commercial Union životní pojišťovna, a.s.). It is the first and only British life insurance company in the Czech Republic and specializes in investment life insurance products (Personal Life Plan, Talisman, Aviva benefit). The company's head office in Prague was the second branch of the Aviva Group to open in Central and Eastern Europe. Aviva regional offices are now to be found at 21 sites in all regions of the Czech Republic.
Aviva's top-selling product, the Personal Life Plan, won the Golden Crown awards Silver Crown 2004 and Golden Crown 2005 in the category of Most Popular Financial Product of the Year. In the same competition the children's insurance Talisman was awarded the Bronze Crown 2005 in the category Capital and Life Insurance.