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Aug. 6, 2020, 2:41 a.m. EDT

Aviva profit drops after £165 mln in virus claims

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By Sabela Ojea

Aviva PLC reported Thursday a fall in net profit for the first six months of the year and said it had general insurance claims related to the coronavirus pandemic of 165 million pounds ($216.4 million.)

"Claims are primarily as a result of disruption to business and travel insured by the group, partially offset by a reduction in the frequency of motor claims," the company said.

The FTSE-100 insurer posted a net profit of GBP821 million compared with GBP1.12 billion for the same period a year earlier.

Aviva made a pretax profit of GBP804 million from GBP2.05 billion for the same period a year earlier, it added.

The U.K. company had gross written premiums of GBP15.23 billion and a solvency II Capital surplus --a measure of balance-sheet strength--of GBP12.0 billion, equal to a cover ratio of 194% compared with 206%.

The board has declared an interim dividend of 6 pence a share.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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