- Increase of 19% in new life, savings and pensions business to €4,944 million at 31 December 2009 (2008: €4,155 million) in a market that grew by 13%:
- Exceptional growth of AFER, up 30% to €2,804 million (2008: €2,164 million)
- Increase of 15% in Antarius (Aviva / Crédit du Nord joint venture) to €1,136 million (2008: €986 million)
- New life, savings and pensions business in terms of PVNBP* up 14% to €5,527 million at 31 December 2009 (2008: €4,849 million)
“Thanks to a combination of strong dynamism, a rich multi-distribution model and good-quality products, in 2009, Aviva France enjoyed double-figure growth in turnover and gained market share. Sales through our partnership with AFER, the largest savings association in France, showed exceptional growth of 30%, which has increased even more over the last few weeks.
“Our joint venture with Crédit du Nord, Antarius, has continued to achieve strong growth thanks to the dynamism of the Crédit du Nord teams and the attractiveness of our offer. Our other distribution partners and networks (general agents, brokers, employees, UFF) have ended the year with a brisk pace of production,” explained Jean-Pierre Menanteau, CEO of Aviva France.
* PVNBP (Present Value of New Business Premiums): the current value according to the EEV (European embedded value) principles applied by the CFO Forum.
