Aviva backs 2023 view and anticipates surpassing midterm goals
- Aviva expects to exceed its midterm targets
- General insurance gross written premiums rose for the first nine months of the year
- Solvency II cover ratio is at 200%
Aviva has announced that it expects to exceed its midterm targets as it backs its 2023 guidance. The company reported a rise in general insurance gross written premiums for the first nine months of the year, reaching £8.04 billion. This increase was driven by strong rates, new business volumes, and retention. Aviva’s solvency II cover ratio, a measure of capital strength, currently stands at 200%. Chief Executive Amanda Blanc stated that despite higher weather-related claims, the company anticipates beating its medium-term financial targets and achieving a 5-7% growth in operating profit this year.
Factuality Level: 8
Factuality Justification: The article provides specific information about Aviva’s general insurance gross written premiums, solvency II cover ratio, and the CEO’s statement. The information is clear and does not contain any obvious bias or misleading information.
Noise Level: 7
Noise Justification: The article provides some relevant information about Aviva’s performance and outlook, such as exceeding midterm targets and a rise in gross written premiums. However, it lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on financial figures and statements from Aviva’s CEO without exploring the consequences or holding powerful people accountable. The article also lacks scientific rigor and intellectual honesty as it does not provide any supporting data or examples. Overall, it contains some noise and filler content, making it closer to a noise level of 7.
Financial Relevance: Yes
Financial Markets Impacted: Aviva
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Aviva’s financial performance and expectations.
Public Companies: Aviva (AV.)
Key People: Amanda Blanc (Chief Executive)
Reported publicly:
www.marketwatch.com 
