Aviva profits soar as UK new business jumps 10%

Laura Miller
clock

Aviva recorded a 21% jump in operating profit in the first half of the year, with the insurer declaring 6% dividend increase.

In the six-month period to 30 June, Aviva's IFRS operating profit rose 21% to £1.27bn, up from £1.04bn for the same time last year. UK life and pensions new business rose to £5.19bn, up 10% from £4.73bn in H1 09. Aviva says its strong performance and capital generation, which is on track to deliver £1.5bn net capital in 2010, allowed it to increase its interim dividend up 6% to 9.5p. The company say overall positive performance was lifted by its bancassurance business. This morning RBS announced it has entered into a new distribution agreement with Aviva, replacing their current...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The Apprentice stars call for more financial advice as online businesses surge

The Apprentice stars call for more financial advice as online businesses surge

‘Crucial that young entrepreneurs receive the right guidance to manage their finances’

Sahar Nazir
clock 03 April 2025 • 2 min read
Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

20% on EU, 10% on UK

Sorin Dojan
clock 03 April 2025 • 2 min read
Model portfolios continue to dominate UK adviser channel sales in H2 2024

Model portfolios continue to dominate UK adviser channel sales in H2 2024

ISS MI report reveals rising net sales with model portfolios driving growth

Sahar Nazir
clock 03 April 2025 • 3 min read