Aviva plc net income falls 28%

AVIVA plc, the owner of Hibernian Insurance, said yesterday first-half net income fell 28% as the value of its investments declined.

Operating profit rose, beating analysts’ estimates, as earnings from the property and casualty unit surged.

Net income dropped to £379 million (€573.84 million), in the six months through June, from £523 million, in the year-earlier period.