Aviva to cut focus on Asia, Europe as profit drops 12%
LONDON, Aug 6 (Reuters) - British life, motor and home insurer Aviva AV.L said on Thursday it would reduce its focus on its Asia and Europe businesses as it posted a 12% drop in first-half operating profit to 1.2 billion pounds ($1.58 billion).
"Our focus will be on building and extending our leadership in the UK, Ireland and Canada," new Chief Executive Amanda Blanc said in a statement, adding that for Europe and Asia: "where we cannot meet our strategic objectives, we will be decisive and we will withdraw capital.
($1 = 0.7590 pounds)
(Reporting by Carolyn Cohn Editing by Rachel Armstrong)
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