British Insurer Aviva's 9-Month Sales Jumps 24%
British insurer Aviva said Thursday that sales rose 24 percent in the first nine months of the year as the company won new business and benefited from a U.S. acquisition.
Global sales rose to 28.28 billion pounds ($58 billion; 40.7 billion euros) in the nine months through Sept. 30, compared with 22.72 billion in the same period a year earlier, the company said in a statement. Life insurance and pension sales gained 20 percent to 22.94 billion pounds ($46.9 billion; 32.9 billion euros).
Sales were particularly strong in North America, where they grew by 41 percent to 2.7 billion pounds (3.9 billion euros). Last November, Aviva completed its integration of Iowa-based AmerUs Group, which it bought for $3.1 billion (2.2 billion euros), a deal expected to result in cost savings of $45 million (31.6 million euros).
"We'll continue to improve the profitability of our businesses and accelerate the pace of our international development," said Chief Executive Andrew Moss.
Aviva shares gained 2.3 percent to 720.5 pence ($14.76; 10.36 euros) in London.