Aviva PLC, a London insurance company, announced Tuesday that first quarter profits rose due in part to stronger sales in the U.S. as a result of its acquisition of Des Moines' AmerUs Group Co.
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First-quarter life and pension sales increased 14% to $15.5 billion from a year earlier. In the U.S., new business jumped 450.6% to $1.675 billion. In the United Kingdom, sales rose 2.9% to $5.61 billion, while in continental Europe sales increased 4.1% to $7.61 billion. Sales from investment products rose 27% to $2.86 billion.
Aviva recorded higher margins in the first quarter, with revenue from AmerUs, the insurer that it acquired for $3.1 billion last year.
