Aviva Canada increases operating profit in 2010 H1 about one-third

***CORRECTION***

This item initially appeared with a headline suggesting Aviva Canada had “nearly doubled” its operating profit, when in actual fact the profit increased by roughly one-third. Canadian Underwriter apologizes for the error.

Aviva Canada Inc.’s general insurance unit increased its operating profit in 2010 H1 to $212 million from $160 million in 2009 H1.
The company also saw a slight improvement in its combined operating ratio from 97% in 2009 H1 to 96% in 2010 H1.
The results reflect Aviva Canada’s “focus on underwriting and operational effectiveness and favourable weather experience,” a release says.
The company also noted a “good balance struck between volume growth and rating, with premiums held at prior-year levels in a competitive market environment.”