RNS Number:1637O
General Accident PLC
31 July 2003


INFORMATION FOR GENERAL ACCIDENT PREFERENCE SHAREHOLDERS


GENERAL ACCIDENT PLC AND SUBSIDIARY COMPANIES

Unaudited results for the six months ended 30 June 2003

These results are published for the benefit of preference shareholders of
General Accident plc. The preference shares have remained listed following the
merger of the Company with Commercial Union plc, in June 1998 to form CGU plc
(CGU), and the subsequent merger of CGU with Norwich Union plc in May 2000 to
form Aviva plc (formerly CGNU plc).

In a challenging environment the Group has delivered operating profit before tax
of #619 million. Our emphasis remains on developing our distribution power,
particularly in bancassurance, while ensuring strict cost and capital management
disciplines across our businesses. We believe that these measures combined with
our resilient business model will give us the platform to succeed in our chosen
markets.


Summarised consolidated profit and loss account

                                                                                             Unaudited      Unaudited
Statutory results                                                                          6 months to    6 months to
                                                                                               30 June        30 June
                                                                                                  2003           2002
                                                                                                    #m             #m

Premium income (after reinsurance) and investment sales                                         15,535         13,824
                                                                                            ==========     ==========
Operating profit before tax                                                                        619            761
                                                                                            ==========     ==========
Profit on ordinary activities before tax                                                           904            238

Tax on profit on ordinary activities                                                              (251)           (71)
                                                                                            ----------     ----------
Profit on ordinary activities after tax                                                            653            167

Minority interests                                                                                 (19)           (19)
                                                                                            ----------     ----------
Profit attributable to shareholders                                                                634            148

Preference dividends                                                                               (11)           (11)
                                                                                            ----------     ----------
Profit attributable to equity shareholders                                                         623            137
                                                                                            ==========     ==========

Summarised balance sheet
                                                                                             Unaudited      Unaudited
                                                                                               30 June        30 June
                                                                                                  2003           2002
                                                                                                    #m             #m

Total assets                                                                                   197,205        186,716
                                                                                            ==========     ==========
Equity shareholders' funds                                                                      11,218         13,308

Non-equity shareholders' funds and minority interests                                              866            670

Technical provisions and other liabilities                                                     185,121        172,738
                                                                                            ----------     ----------
Total liabilities                                                                              197,205        186,716
                                                                                            ==========     ==========

Summarised cash flow statement
                                                                                             Unaudited      Unaudited
                                                                                           6 months to    6 months to
                                                                                               30 June        30 June
                                                                                                  2003           2002
                                                                                                    #m             #m

Net cash inflow from operating activities excluding exceptional items                              432            599

Net cash outflow from other activities including exceptional items                                 (90)          (834)

Net (purchases)/sales of investments                                                              (433)           542
                                                                                            ----------     ----------
(Decrease)/increase in cash holdings                                                               (91)           307
                                                                                            ==========     ==========

The unaudited results of Aviva plc for the six months ended 30 June 2003 are
available on application to the Group Company Secretary, Aviva plc, St. Helen's,
1 Undershaft, London EC3P 3DQ. A copy can also be found on the Aviva plc website
at www.aviva.com


Enquiries: Steve Riley, Investor Relations Director, Aviva plc  020 7662 8115

-----------------------------------------------------------------------------

End of Announcement



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IR WUUWCMUPWGMU