News - Asia: Aviva books £885 mln loss, but sales up in Asia Pacific
Source: Asia Insurance Review | Apr 2009
Aviva plc recorded a net loss of £885 million (US$1.2 billion) for 2008, compared to a profit of £1.5 billion in 2007, because of a drop in the value of its assets amid the financial turmoil. Long-term savings sales climbed 1% to £40.3 billion, within which core life and pension sales rose 11%, while investment sales plunged 43%.
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