Aviva H1 profit jumps 22% on price hikes, wealth inflows

(Sharecast News) - UK insurer Aviva on Thursday said half-year operating profit surged 22% as it hiked prices and grew premium income. The company posted an operating profit of £1.07bn for the six-months to June 30. UK & Ireland general insurance premiums rose 9% to £4.14bn, while the wealth business saw net flows increase by 16% to £5.8bn.

The interim dividend was lifted 10% to 13.1p.

Aviva said it would provide more details on the impact of its £3.7bn takeover of rival Direct Line in November.

Reporting by Frank Prenesti for Sharecast.com