UK success drives growth for Aviva as 2017 results are revealed

By Johan De Mulder

Aviva says the success in its core United Kingdom market has fuelled a positive set of results for 2017, revealed on Thursday.

The insurance leader recorded a 2% rise in operating profit over the course of the year compared to 2016, totting up £3.1bn in gains compared to a forecast of £3bn.

In terms of growth, Aviva took its biggest steps in its Aviva Investors asset management firm, where revenues grew by 14%. The value of its new business rose over £1bn for the first time to £1.25bn, up a quarter from 2016.

See also:


It also grew operating earnings per share by 7% and its full-year dividend by 18%, the fourth consecutive year of double-digit dividend growth, and promised to spend £600mn on 'bolt-on acquisitions'. 

"Our largest market, the UK, has gone from strength to strength, growing sales, market share and profit. For Aviva, the UK is a dependable and growing business," said Group CEO Mark Wilson.

"We now have a collection of strong and growing businesses. We continue to invest in our businesses and in particular on priorities such as digital to make our products and services easier for our customers. Aviva is now a simpler, stronger group and we are growing. Our strategy is paying dividends."

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital