Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.
General insurance premiums increased 16% to £2.7 billion and workplace pensions business generated net flows of £2 billion as 136 new schemes were won.
In the bulk purchase annuity market, retirement sales were up 13%.
A solvency shareholder cover ratio of 206% was above some analyst forecasts, while the group undiscounted combined operating ratio had inched up to 95.8% from 95.4% a year ago.
The life insurer's boss Amanda Blanc felt the first-quarter numbers were "excellent" and said the group was in "great health".
"We have clear competitive advantages - in our brand, our scale, and our diverse business - which are driving consistently strong performance, and giving us real optimism about 2024," she said.
The previously announced £300 million share buyback is continuing to progress and the final dividend for last year of 22.3p per share was paid to shareholders today.