Aviva unveils claims hit of 50m from December freeze

Aviva is facing a claims bill of around 50million from last months freezing weather, it told investors on Wednesday.

The insurance group said it had been focused on supporting customers during Decembers prolonged cold snap, which saw households across the UK suffer from burst pipes and water tanks, as well as other damage.

But the company said its group-wide exposure to 'weather experience' was only marginally above long-term averages in the fourth quarter.

Earlier this month, its rival, Direct Line Insurance, revealed a sizeable hit from the freezing weather, putting the cost of claims at around 90million.

Aviva said it performed as expected by management for 2022 and reiterated its guidance for dividends and capital returns.