Financial Strength

Strong Performance and confident outlook

We understand that the media coverage of current economic conditions is concerning for you. It's at times like these that you really want to know you're dealing with a company that is safe and secure.

Norwich Union is part of the Aviva group of companies. Aviva is the world's fifth-largest insurance group and the UK's biggest Insurer. Our recent business results reflect our strong capital position and a robust performance in challenging economic conditions. You can access the Press Release here.

As an insurer we are different to banks, our main business is not lending. Our core business is protection and investments which are all conducted in a risk controlled way. We're also not dependent on short term funding in the same way as banks.

Our recent results show that our core life and pension's sales have increased by 12% and total long term savings sales were up by 3%. We have taken an active and careful approach to managing our capital and liquidity. Our strong position should be reassurance that during these times we can continue to provide you with the financial security and stability that we know is critically important to you.

As a result of our business results, Standard and Poors (S&P), the ratings agency*, have reconfirmed our strong financial position. Our rating continues to be 'very strong' with a stable outlook reflecting the continued robust performance of the Aviva group.

We remain committed to our strategy of prosperity and peace of mind for our customers and providing support, especially through this financial storm.

*Standard & Poor's is a global ratings agency which provides two types of rating. This is a Financial Strength Rating (FSR). An FSR is an opinion of the financial security characteristics of an insurance company with respect to its ability to pay claims on its insurance policies and contracts in accordance with their terms.

FSR relates specifically to the security of life and pension plans (and any other insurance contracts) an insurance company has written.