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which was triggered by the "improper allocation of trades in fixed income securities" at Aviva Investors.
"Cash flows to the group are up 40pc, operating expenses are down 7pc, operating profit is up 6pc and value of new business is up 13pc," he added.
Aviva Investors have put two iconic Norwich office blocks on the market. The two properties are on St Stephen's Street. Bidwells Estates map. Picture Submitted.
"Following our exit from a number of low margin, underperforming or non strategic businesses, Aviva is Adidas D Rose 1 simpler, more focused and better managed. We have significantly improved our capital surplus, increased our liquidity and have a stronger Adidas Shoes All Star 2017
He said efforts to improve the insurer's performance were now "intensifying," as he focused the business on "cash flow plus growth'.
But chief executive Mark Wilson said the company's internal insurance cover should help them recoup "substantial sums" in the wake of the Adidas All Stars Womens
But despite the wide scale disruption, the company said the figure was in line with the amount it normally sets aside for weather events in January and February.
Alleged trading breaches hits Aviva profits
Mr Wilson said the "improper" trading had been "highly irritating" but it was the type of issue you deal with when trying to turn a company around.
Elsewhere, the EDP Top 100 firm signalled further progress in its recovery, rebounding from a loss of 2.9bn a year ago to profits of 2.2bn in 2013.
"I want to guard against complacency. Aviva still has issues to address. Have we made progress? Yes, some. Is it a little faster than anticipated? Probably. Have we unlocked the full potential at Aviva? Not yet," he added.
But he said the business was still a long way short of performing at its full potential.
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