Aviva posts 12% surge in general insurance premiums in 9M 2025

Core Insights - Aviva has reported a 12% increase in general insurance premiums to £10 billion for the nine months ending 30 September 2025, compared to £9.1 billion in the same period last year [1] - The company anticipates achieving its financial targets for 2025 one year ahead of schedule, driven by strong performance prior to the Direct Line acquisition [5] General Insurance Performance - General insurance premiums in the UK and Ireland rose by 17% to £6.7 billion, with Personal Lines growing by 24% due to the integration of Direct Line and expanded partnerships [1] - Canadian general insurance premiums increased by 3% on a constant currency basis to £3.3 billion, with Personal Lines advancing by 7% while Commercial Lines fell by 4% due to the exit from underperforming accounts [2] Health and Protection Sales - Protection and Health sales totaled £384 million, down 5% from £403 million last year, primarily due to consolidation following the AIG acquisition [2] - Health in-force premiums increased by 14%, supported by new business and pricing strategies [2] Retirement and Wealth Management - Retirement sales amounted to £5.3 billion, a decrease from £7.3 billion in the previous year [3] - Wealth net flows increased to £8.3 billion from £7.7 billion, representing 6% of opening assets under management, with positive momentum in platform and workplace products [3] Future Outlook - Aviva aims for an operating profit of £2.2 billion for the full year 2025, including an estimated £150 million contribution from Direct Line [3] - The company targets an operating earnings per share compound annual growth rate (CAGR) of 11% from 2025 to 2028, with a forecasted IFRS return on equity of around 17% for 2025 and a target of over 20% by 2028 [4]