Aviva posts record sales figures

6 February 2007

The UK's largest insurer Aviva has announced record fourth-quarter sales figures, with total sales for 2006 reported at £31.1 million.

The figures mark an increase of 22 per cent in total sales compared with 2005, with the group's life and pensions sales alone increasing by 18 per cent to top £26.2 million.

Commenting on the results, which reached the top end of analysts' estimates, Aviva's chief executive Richard Harvey said they demonstrated that Aviva was now a "world-class business".

"We produced over £8 billion in worldwide sales of long-term savings products in the last three months of 2006, which is a quarterly record for us," he said.

"Our scale is building steadily as we benefit from the investment we've made in providing customers with a broad range of products through the distribution channel of their choice.

"Aviva's newly expanded business in the US, which now incorporates AmerUs, has delivered record sales and strong growth, and we're confident that consumer demand for our life and annuity products will continue to rise."

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