19th November 2023
Amanda Blanc, Group ceo, said:
“Aviva has delivered nine months of strong growth. We have clear trading momentum, driven by our uniquely diversified business, as well as our leading positions in growing markets.
We have continued to expand our capital-light businesses, which now make up over half of our portfolio. We see significant opportunities to generate further higher return, capital-light growth in the future as we prioritise these segments.
General Insurance premiums grew 13%, reflecting the strength of our operations in the UK, Canada, and Ireland, across both commercial and personal lines. Our workplace pensions business continues to shine, with flows up 26% on the back of over 350 new corporate customers, and higher auto enrolment contributions due to wage inflation. Health sales are also buoyant, up 56%.
Customers are our number one focus, and we helped them with claims following wildfires, hail and flooding in Canada. Also, after storms Babet and Ciarán in the UK we've had teams on the ground helping our customers, arranging repairs to damaged properties and providing alternative accommodation.
Aviva’s prospects are very positive. We expect to beat our medium-term financial targets and, in line with previous guidance, grow operating profit by 5-7% this year, despite higher weather-related claims.
I am extremely confident that Aviva will continue to deliver more for shareholders, and we reiterate our guidance for a total dividend of c.33.4p for 2023, and further regular and sustainable returns of surplus capital.”
Aviva Trends(!,102 articles)