Aviva (LSE:AV.) Claims Ratio % : 0.00% (As of . 20)

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What is Aviva Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Aviva's Claims Ratio % or its related term are showing as below:

LSE:AV.'s Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Aviva Claims Ratio % Historical Data

The historical data trend for Aviva's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aviva Claims Ratio % Chart

Aviva (LSE:AV.) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Aviva (LSE:AV.) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Aviva Claims Ratio % Related Terms

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Aviva (LSE:AV.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aviva PLC (LSE:AV.) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

AIVAF:USA AVVIY:USA AVl:UK AV.B.PFD:UK AV.A.PFD:UK GU81:Germany

Address

St Helen's, 1 Undershaft, London, GBR, EC3P 3DQ

Website

https://www.aviva.com

Aviva is a multiline insurer that is listed on the London Stock Exchange. The company traces its roots back to the 17th century with the establishment of Hand-in-Hand. After the Great Fire of London, this mutual was formed to provide protection against fires. Hand-in-Hand was then acquired by Commercial Union in 1905. Over the years, Hand-in-Hand insured London landmarks such as London Bridge, the British Museum, and the Palace in Lambeth. The life insurance part of Aviva began in the early part of the 18th century with the establishment of Amicable, again a mutual society but this time to protect widows and children against the loss of life.

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