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

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy