- Increase of 19% in new life, savings and pensions business to €4,944 million at 31 December 2009 (2008: €4,155 million) in a market that grew by 13%:
- Exceptional growth of AFER, up 30% to €2,804 million (2008: €2,164 million)
- Increase of 15% in Antarius (Aviva / Crédit du Nord joint venture) to €1,136 million (2008: €986 million)
- New life, savings and pensions business in terms of PVNBP* up 14% to €5,527 million at 31 December 2009 (2008: €4,849 million)
“Thanks to a combination of strong dynamism, a rich multi-distribution model and good-quality products, in 2009, Aviva France enjoyed double-figure growth in turnover and gained market share. Sales through our partnership with AFER, the largest savings association in France, showed exceptional growth of 30%, which has increased even more over the last few weeks.
"Our joint venture with Crédit du Nord, Antarius, has continued to achieve strong growth thanks to the dynamism of the Crédit du Nord teams and the attractiveness of our offer. Our other distribution partners and networks (general agents, brokers, employees, UFF) have ended the year with a brisk pace of production,” explained Jean-Pierre Menanteau, CEO of Aviva France.
* PVNBP (Present Value of New Business Premiums): the current value according to the EEV (European embedded value) principles applied by the CFO Forum.
-ends-
Aviva press contacts:
Estelle Joubert
Telephone: +33 (0)1 7662 5786
E-mail: estelle_joubert@aviva.fr
Valérie Dudoit (HDL Communication)
Telephone: +33 (0)1 5865 2016
E-mail: vdudoit@hdlcom.com
Notes to editors:
About Aviva
Aviva is the world’s fifth-largest insurance group**, with 50 million customers throughout Europe, North America and the Asia Pacific region. Aviva’s principal business activities are: life insurance and long-term savings, fund management and general insurance.
At 31 December 2008, Aviva had total turnover of €64.3 billion, with €393 billion of assets under management. Aviva is the largest insurer in the UK and one of the leading providers of life insurance and pension products in Europe. A selection of images and all the press releases from the Aviva Group are available in the press area www.aviva.com/media.
With more than 180 years’ experience in France, Aviva is among the top ten players in the insurance market. Aviva France operates a balanced multi-distribution model based on a comprehensive range of products, mainly intended for individuals and SMEs.
Some 900 general agents, 1,800 branch staff, 400 life insurance advisers, almost 900 wealth management advisers (Union Financière de France) and more than 1,000 active partner brokers are at the service of three million clients every day. Aviva has developed unique expertise in building effective partnerships for the benefit of its clients, particularly with AFER, the largest savings association in France, and the Crédit du Nord, Société Générale and Ford groups.
Specialising in unit-linked products, Aviva is recognised for the excellent performance of its long-term funds, the quality and innovation of its products, and solid commitment to its customers through its Good Advice approach.
Aviva France is a socially responsible company and has developed initiatives that include reducing and neutralising its CO2 emissions, supporting more than 250 projects to help children and the elderly through the Aviva Foundation, and implementing an acclaimed diversity policy.
The Aviva Group directly employs more than 4,700 staff in France.
At 31 December 2008, Aviva France reported consolidated sales of €6.0 billion and an IFRS-based net profit of €130 million. The company had €69.6 billion of assets under management at 31 December 2008.
** Based on gross worldwide premiums at 31 December 2008.