Aviva(US:AVVIY)2024-08-14 12:17Financial Performance - Aviva's operating profit increased by 14% to £875 million[19] - Solvency II Own Funds Generation (OFG) increased by 10% to £758 million[19] - Cash remittances grew by 16% to £959 million[20] - The interim dividend per share increased by 7% to 119 pence[7] - The Solvency II cover ratio was 205%[20], compared to 207% at FY23[20] Business Segment Performance - General Insurance (GI) premiums increased by 15%[7] - Wealth net flows increased by 16%[7] - Insurance, Wealth & Retirement (IWR) sales increased by 12% to £197 billion[7, 25] - UK & Ireland General Insurance premiums increased by 10%[21] and operating profit increased by 25% to £287 million[21] - Canada General Insurance premiums increased by 10%[24] but operating profit decreased by 7% to £216 million[24] Strategic Outlook - Aviva is confident in delivering its Group targets, including £2 billion operating profit and £18 billion SII OFG by 2026[8, 43] and >£58 billion Cash remittances 2024-2026[8, 43] - The company aims to have approximately 70% of its operating profit from capital-light businesses by 2026[10, 11]