UK Titles Editorial
Aviva reported £11.8 billion in general insurance gross written premiums for the nine months to 30 September 2026 in its trading update published on 13 November.
The increase was 19% at constant exchange rates and 18% on a reported-currency basis. Constant-currency comparisons adjust for exchange-rate movements.
The comparison includes Direct Line for all nine months of 2026, against three months in the previous year. Aviva completed the acquisition on 1 July 2025, so the headline growth also reflects a change in the business included.
Acquisition shapes the comparison
UK personal insurance premiums rose 57%, supported by Direct Line and a home-insurance partnership with Nationwide. UK commercial premiums fell 5%, which Aviva attributed to its focus on profitable underwriting in a softer market.
The group’s undiscounted combined operating ratio improved to 93.8% from 94.4%. Financial News’s independent report explains that this ratio compares claims and costs with premiums; a figure below 100% indicates an underwriting profit.
Aviva maintained its outlook, continuing to expect 2026 operating earnings-per-share growth broadly in line with its 11% target.
Cover: AI-generated illustration of an imagined house, car and blank folder, not Aviva premises or policy documents.
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