Aviva plc - AV - Isin GB00BPQY8M80

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AV.L announced a cash dividend of 22.30 with an ex-date of Apr. 11, 2024

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Aviva's acquisition of AIG Life will not go to in-depth UK CMA probe

(Alliance News) - The UK's competition watchdog on Thursday said Aviva PLC's GBP460 million planned acquisition of AIG Life Ltd will not be referred to a phase 2 investigation.

In February, the Competition & Markets Authority launched an initial probe to assess whether the acquisition could reduce competition in the UK services sector.

In September, London-based insurer Aviva announced the acquisition of AIG Life from Corebridge Financial, a subsidiary of American International Group Inc, for GBP460 million.

Aviva said that acquiring AIG's life-insurance and retirement-services division would add 1.3 million individual protection customers and 1.4 million group protection members to the company's existing portfolio.

Shares in Aviva fell 0.1% to 495.49 pence in London on Thursday morning.

By Jeremy Cutler, Alliance News reporter

https://www.marketscreener.com/quote/st ... -46307891/

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Aviva targets £100m operating profit from health by 2026

UK insurer Aviva said it aimed to deliver £100m of health operating profit by 2026.

The company released a brief statement ahead of an investor briefing on its health business, adding that the UK health market is experiencing “strong and sustained growth, which is set to continue”.

“Health is a core component of Aviva's strategy as it accelerates growth in capital-light areas, grows customer numbers and serves more of their needs,” the company said.

“It plays a critical role as part of Aviva's insurance proposition, because of the fundamental, and increasing, importance of health to all of Aviva's customers and to the whole UK population.”

Reporting by Frank Prenesti for Sharecast.com

https://www.sharecast.com/news/news-and ... 49747.html

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Aviva H1 profits surge

Insurance firm Aviva said on Wednesday that profits had surged in the six months ended 30 June on the back of an increase in written premiums throughout the period.

Aviva said statutory profits were up 58% year-on-year at £654.0m, while operating profits improved 14% to £875.0m. It also declared an interim dividend of 11.9p, up 7% when compared to the same time as a year earlier.

General insurance written premiums increased 15% to £6.0bn, while insurance, wealth and retirement sales rallied 12% to £19.7bn.

Cash remittances were up 16% to £959.0m, while Aviva's Solvency II cover ratio slipped two percentage points to 205%.

Chief executive Amanda Blanc said: "We have achieved another six months of excellent trading. We have generated growth right across Aviva, thanks to our leading positions in attractive markets such as workplace pensions and general insurance in the UK and Canada.

"Aviva continues to benefit significantly from the balanced and diversified business we have built and lead."

As of 0915 BST, Aviva shares were down 0.63% at 485.50p.

Reporting by Iain Gilbert at Sharecast.com

https://www.sharecast.com/news/news-and ... 61044.html