Aviva reports 40% profit increase

AVIVA Ireland said it is satisfied with the rate at which premiums are set and said it is not concerned with cost-cutting measures.

Ireland’s largest insurer indicated it is not planning any insurance premium hike in the coming months, with chief executive Jim Dowdall saying the main focus for the company is to remain competitive.

In the first six months of this year Aviva Ireland reported a 40% year-on-year increase in operating profit to €115 million.