(Corrects third paragraph to show comparative figure is in
billions, not millions)
LONDON Aug 7 British insurer Aviva
posted a 4 percent rise in first-half operating profit as its
European and UK general insurance businesses built on a strong
start to the year, making up for weakness in Canada.
Aviva, which provides personal lines of insurance including
motor, home, travel and life cover, said it had laid out a new
set of targets to achieve an operating expense ratio of below 50
percent and double its annual excess holding company cash flow
to 800 million pounds ($1.35 billion).
Operating profit increased to 1.05 billion pounds in the six
months ended June 30 from 1.01 billion pounds last year.
($1 = 0.5937 British Pounds)
(Reporting by Richa Naidu; editing by Simon Jessop and Tom