British insurer Aviva maintained its dividend guidance and capital returns outlook on Wednesday, as it reported a positive end to trading for the year in its general insurance unit.
The company said it expects the group's combined operating ratio to be around 94.6%, in line with the guidance given at its third-quarter update.
The insurer said in a statement that we continue to price appropriately for the high inflation environment, particularly in UK Personal Lines, responding at a pace to emerging data and trends.
One of Britain's biggest motor and home insurers, Aviva, estimated December's adverse weather conditions in the UK to cost around 50 million pounds $61.65 million and said it was continuing to support customers after the cold snap.
Over the course of 2022, it said its weather experience in UK Ireland was only marginally above long-term averages, while its Canadian business recorded lower than long-term averages with no fourth quarter weather events.