Aviva Ireland profit rises 7% on Friends First boost

General insurance business profit falls in first half of year

Aviva’s life business was boosted by the 2018 takeover of Friends First. Photograph: Reuters

Aviva’s life business was boosted by the 2018 takeover of Friends First. Photograph: Reuters

Profit at Aviva Ireland rose 7 per cent to €61 million, driven by growth in the company’s life business as a result of the purchase of Friends First in the middle of last year.

Operating profit in the life division more than doubled to €30 million and new business premiums increased to €859 million in the first half of 2019, up from €494 million in the prior year.

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