Aviva Australia today announced an increase in first quarter protection sales to A$17.8m, 29% up on the same period in 2007. Net inflows into Navigator platform rose by 5.9% on the first quarter of 2007.
Aviva Australia today announced an increase in first quarter protection sales to A$17.8m, 29% up on the same period in 2007. Net inflows into Navigator platform rose by 5.9% on the first quarter of 2007.
Allan Griffiths, chief executive officer, Aviva Australia said that he was delighted with the continued growth especially given the current volatility in financial markets.
"We are delighted with the strength our life insurance and platform results. Our Riskfirst technology continues to drive growth and we have further enhancements planned through 2008 to keep us ahead."
"The continued strength of the Navigator platform in difficult times is evidence of the market focus moving towards high quality products and services. Navigator's funds under administration are still 1.2% above first quarter 2007, which is a great result in difficult times."
Aviva plc worldwide sales increased by 2% to A$20.59 billion on quarter one of 2007, with an increase of 24% for the Asia Pacific region, led by rapid growth in China and India.
Mr Griffiths commented on the Aviva Australia's prospects for the remainder of 2008.
"We expect to see further flight to quality during 2008, with Aviva's protection range and Navigator platform in a strong position for growth."
"Market volatility will impact inflows but our continued ability to provide value to customers and advisers is reflected in these results. Aviva's strength allows us to continue with our proven strategy of making investments in growing financial advice businesses."
Aviva plc quarter one 2008 results are available at www.aviva.com/
For further information please contact:
Tim Cobb
General Manager Marketing and Public Relations
Phone: (03) 9829 8509
Mobile: 0418 529 387
Notes to editors:
About Aviva
Aviva Australia is the local face of the global Aviva group - a world leader in financial services.
The Aviva group is the world's fifth-largest insurance group and the largest insurance services provider in the United Kingdom. We are the leading provider of life and pension products in Europe and are actively growing our long-term savings businesses in Asian markets, the USA and Australia.
The Aviva group has premium income and investment sales of A$103.35 billion and A$764.66 billion of assets under management. Our 59,000 employees serve over 40 million customers.
Aviva has over 150 years of continuous operation in Australia, where our main activities are life insurance, investments and superannuation.
In Australia, Aviva's consistent record of innovation in the financial planning market dates back to the early 1990s when its Navigator technology and platform first allowed a range of investments to be consolidated into one portfolio. Today, Aviva continues to lead the industry with award-winning wealth creation and wealth protection products.
Together with Portfolio Partners, a funds management company which is also part of the Aviva group, we manage or administer more than A$27 billion in funds for more than 300,000 customers in Australia.
Disclaimer
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