Aviva’s Irish sales dip 47% in 6 months

INTERNATIONAL insurance giant Aviva made a return to profit in the first half of this year, but its Irish operations saw a 47% year-on-year drop in sales for the six-month period.

Aviva’s Irish sales dip 47% in 6 months

The British group – which owns the Hibernian brand here and recently bought the naming rights to the redeveloped Lansdowne Road stadium – made an after-tax profit of £747 million (€876m) for the first half of this year; up from a loss of £84m (€98.18m) for the same period last year.

Group life and pensions sales were down by 4%, on a year-on-year basis, however, and operating profits slipped from just over £1.2bn a year ago to just over £1bn. The company’s interim dividend was also reduced by 31% to 9p per share.

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