Media Statement

August 14, 2024 (TORONTO, ON) – Insurer Aviva plc reported its half-year 2024 results today. Tracy Garrad, CEO of Aviva Canada had this to say about the Canadian performance: 

“Across the country, it’s been a challenging few months for Canadians impacted by weather-related events and vehicle theft. At Aviva Canada, we’re all focused on supporting customers displaced by severe weather events, helping them become more resilient against climate change and working with the industry, governments and auto manufacturers to combat auto theft to protect Canadians. 

For HY24, Aviva Canada continued its track record of delivering consistently strong results, achieving a Combined Operating Ratio (COR*) of 94.7% and gross written premium growth rate of 10.5%, driven by new business and strong rate actions. Against the backdrop of macroeconomic conditions, we’ll continue to make the right choices, improve our business, execute on our strategy, and work with brokers and partners to keep the customer central in all we do.”

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*All COR results cited are on an undiscounted basis.