Aviva(US:AVVIY)2021-08-13 13:20Strategic Progress and Financial Performance - Aviva substantially completed the sale of 8 businesses for £7.5 billion[9] - The interim dividend increased by 5% to 735p[11] - Debt reduction of £19 billion occurred in H1, with approximately £1 billion additional debt reduction expected[11] - The company plans to return at least £4 billion of capital to shareholders by HY 2022, including a share buyback of up to £750 million[11] - Operating profit increased by 17% to £725 million[14] Growth and Efficiency - Individual savings net flows increased by 48% to £28 billion[16] - Workplace pension net flows increased by 8% to £27 billion[18] - Controllable costs decreased by 2%[14] - UK General Insurance commercial lines experienced growth of 16%[23] Financial Strength and Capital Returns - Cash remittances increased significantly to £11 billion[14] - The Solvency II debt leverage ratio decreased to 26%[39] - ESG fund net flows in H1 2021 increased by 295% compared to H1 2020, reaching £324 million[37]