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Pedestrians walk past an Aviva logo outside the company's head office in the city of London March 5, 2009. British life insurer Aviva on Thursday said it was maintaining its dividend, soothing concerns the payout could be cut to conserve capital, and reported annual profits that broadly met forecasts. REUTERS/Stephen Hird (BRITAIN) - RTXCDF9
British insurer and asset manager Aviva reported growth in key business lines over the first quarter of 2023, but a slowdown in net flows to its wealth business after a volatile period for markets.
The FTSE 100 company said general insurance gross written premiums increased to 2.4 billion pounds, up 11% on 2.1 billion the previous year, while private healthcare sales grew 25% as more individuals and companies opted for private cover.
Aviva reported net flows to its wealth arm Aviva Investors of 2.3 billion pounds, down 15% on the prior year, citing market volatility impacting investment activity. (Reporting by Iain Withers, editing by Sinead Cruise)