Financial Data and Key Metrics Changes - Operating profit increased by 14% to £875 million, with underlying operating profit growth of 27% [14][24] - Generated £722 million of operating capital, up 17%, with a cover ratio of 205% [14][24] - Interim dividend announced at 11.9p, up 7% year-on-year [3][25] Business Line Data and Key Metrics Changes - General Insurance premiums rose by 18% to £3.8 billion, with personal lines growing by 30% [15] - Wealth net flows increased by 16% to £5 billion, with workplace flows growing by 4% [20] - Protection sales grew by 49% following the AIG acquisition, with operating profit in Protection up 31% to £46 million [19] Market Data and Key Metrics Changes - UK market shows significant growth potential, with the wealth market expected to triple to nearly £5 trillion over the next decade [5] - Canadian market also demonstrated growth, with overall premiums up by 10% [16] Company Strategy and Development Direction - Company focuses on four strategic priorities: growth, customer, efficiency, and sustainability [4] - Aiming for 70% of earnings to come from capital-light businesses by 2026, enhancing growth and returns for shareholders [6][50] - Continued investment in organic growth and targeted M&A to support strategic goals [6][52] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the UK financial services sector and the broader economy, citing political certainty and economic stability [5] - Anticipates continued growth in Wealth and Health businesses, while protection growth is expected to moderate [26] Other Important Information - Completed a £300 million share buyback in June [3] - Launched new initiatives like the Aviva Simple Wealth and Find and Combine services to enhance customer engagement [11][40] Q&A Session Summary Question: Project spend sustainability - Management indicated that the reduced project spend is sustainable moving forward, primarily due to the completion of long-term projects [30][32] Question: Reserve additions in the UK - Reserve strengthening was noted, driven by specific large losses and inflation impacts, but management maintains a neutral outlook [30][33] Question: Long-term ambition in Global Corporate and Specialty market - Management sees significant opportunities in the Global Corporate and Specialty market, particularly following the Probitas acquisition, but no specific long-term targets were set [30][34] Question: Bulk quotation tool contribution - The Aviva Clarity tool has facilitated nearly 40 deals this year, contributing positively to margins [36][37] Question: Direct Wealth proposition progress - Management is optimistic about the Direct Wealth opportunity, with significant investments and customer engagement initiatives underway [39][40] Question: Solvency and capital allocation - Management reiterated a commitment to returning capital to shareholders while also investing in growth opportunities [56][57]

| --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Aviva plc Interim Results 2024 14 August 2024 | | | | | | | | | | | | | Aviva: Confidential Disclaimer & important information Cautionary statements This document should be read in conjunction with the documents distributed by Aviva plc (the 'Company' or 'Aviva') through The Regulatory News Service (RNS). This ...

+29% +10% COR Operating profit £399m 95.3% +18% +1.6pp Discounted COR: 91.4% Aviva: Confidential Personal lines • Premiums up 9% driven by strong new business volumes in the RBC and direct channels and rate actions across the entire portfolio • COR of 99.5% (2022: 95.2%) reflecting heightened weather-related losses, higher reinsurance costs, claims frequency returning to more normal levels and elevated Ontario auto theft Commercial lines • Premiums up 13% driven by inflationary rating actions and new busine ...

Aviva plc (OTCPK:AVVIY) Q4 2023 Earnings Conference Call March 7, 2024 3:30 AM ET Company Participants Amanda Blanc - Chief Executive Officer Charlotte Jones - Chief Financial Officer Conference Call Participants Andrew Sinclair - Bank of America Ashik Musaddi - Morgan Stanley Nasib Ahmed - UBS Rhea Shah - Deutsche Bank Andrew Crean - Autonomous Dominic OÂ'Mahony - BNP Paribas Exane Larissa Van Deventer - Barclays Mandeep Jagpal - RBC Capital Markets Thomas Bateman - Berenberg Steven Haywood - HSBC Bingdi F ...

akes Aviva plc Interim results 2022 10 August 2022 AVIVA Disclaimer & important information Cautionarystatements This document should be read in conjunction with the documents distributed by Awa de (the "Company' or "Awa") through Tile Regulatory Nice (RVS). This announcement contain forward-booking statements' with respect to certain of Awiva's plans and current goals and expectations relating to future financial condition, performance, results, stat 'believes', 'ntends', 'expects', 'pray', twill', teeks', ...

Aviva plc (OTCPK:AIVAF) Q2 2022 Earnings Conference Call August 10, 2022 3:45 AM ET Company Participants Amanda Jayne - Chief Executive Officer Colin Simpson - Chief Financial Officer Conference Call Participants Farooq Hanif - JPMorgan Oliver Steel - Deutsche Bank Ashik Musaddi - Morgan Stanley Alan Devlin - Goldman Sachs Andrew Crean - Autonomous James Shuck - Citigroup Larissa van Deventer - Barclays Capital Min Zhu - Credit Suisse Greig Paterson - Keefe, Bruyette & Woods Nasib Ahmed - UBS Dominic OÂ'Mah ...

Financial Data and Key Metrics Changes - Cash remittances increased by 22% to £1.66 billion, on track to achieve a target of greater than £5 billion over 2021 to 2023 [22][23] - Year-end Solvency II position was strong at 244%, with a pro forma ratio expected to be 186% after planned debt reduction and acquisition [23][28] - Total capital return announced at £4.75 billion, exceeding the original promise of at least £4 billion [16][36] Business Line Data and Key Metrics Changes - Life new business sales grew by 23%, driven by bulk purchase annuities with record volumes of £6.2 billion [13][25] - General Insurance premiums increased by 6% to £8.8 billion, with a combined ratio of 92.9% [25][50] - Savings & Retirement net flows rose by 17% to exceed £10 billion, marking a record for Aviva [14][26] Market Data and Key Metrics Changes - UK & Ireland Life cash remittances rose by 21% to £1.2 billion, with profits and AUM in Savings & Retirement up 24% and 19% respectively [44][46] - In Canada, General Insurance achieved its highest level of premiums and profits on record, with commercial line premiums up 10% [54] Company Strategy and Development Direction - The company is focused on four strategic priorities: growth, customer, efficiency, and sustainability [60][85] - A significant acquisition of Succession Wealth for £385 million aims to enhance financial advice offerings and capture maturing outflows from existing customers [19][73] - The company plans to invest £300 million to accelerate organic growth, targeting a £100 million increase in operating profit [18][100] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for Aviva, highlighting strong operational momentum and the successful execution of strategic plans [15][57] - The company is optimistic about growth opportunities in the wealth market, with a £1.6 trillion market opportunity projected to grow to £2.1 trillion by 2024 [64][65] - Management acknowledged the uncertain external environment but emphasized a commitment to maintaining a strong capital framework [104] Other Important Information - The company has achieved £244 million in cost reductions, with a new target of £750 million by 2024 [40][41] - The dividend for 2021 was declared at just over 22p per share, up 5% year-on-year, with anticipated increases for 2022 and 2023 [17][34] Q&A Session All Questions and Answers Question: Cash plan and future cash generation - The company upgraded its cash flow target to £5.4 billion, providing more flexibility for investments and growth [96][97] Question: Solvency II review and capital targets - Management has not built expectations from the Solvency II review into their plans but remains encouraged by recent announcements [104][106] Question: Investment in growth and expected returns - The £300 million investment is expected to support various growth initiatives across the group, with no single project being solely responsible for the anticipated profit increase [100][101]

It takes Aviva plc 2021 results 2 March 2022 For 325 years AVIVA 1 Disclaimer & important information Cautionary statements This document should be read in conjunction with the documents distributed by Aviva plc (the 'Company' or 'Aviva') through The Regulatory News Service (RNS). This announcement contains, and we may make other verbal or written 'forward-looking statements' with respect to certain of Aviva's plans and current goals and expectations relating to future financial condition, performance, resu ...

Aviva plc Interim results 2021 1 12 August 2021 Disclaimer and reminders Cautionary statements This document should be read in conjunction with the documents distributed by Aviva plc (the 'Company' or 'Aviva') through The Regulatory News Service (RNS). This announcement contains, and we may make other verbal or written 'forward-looking statements' with respect to certain of Aviva's plans and current goals and expectations relating to future financial condition, performance, results, strategic initiatives an ...

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