Aviva takes £876mn US write-down as restructure continues
Aviva fell to a £681mn half-year loss after writing off £876mn of goodwill related to its US business, compared to a £465mn profit for the first half of 2011.
Operating profit dropped by 10 percent to £935mn, dragged down by restructuring costs and other factors including UK weather claims.
The insurer reserved £40mn of claims for weather losses in June, while total claims for the half-year were £62mn ahead of 2011.
However, Aviva's general insurance arm still increased profit slightly...
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