LONDON (dpa-AFX) - Aviva plc (AVVIY), a British insurance company, on Thursday reported its third-quarter trading update and reaffirmed confidence in its outlook, as strong growth across the group keeps it on track to achieve its 2026 targets a year early.
General insurance premiums rose 12% for the nine-month period to £10 billion. In the Wealth segment, net flows increased to £8.3 billion from £7.7 billion a year earlier, bringing total assets to £224 billion.
For the full year, the company expects group operating profit of around £2.2 billion, equivalent to nearly 55 pence per share.
Direct Line's £100 million cost reduction programme was completed three months ahead of plan. Aviva also raised its cost synergy ambition to £225 million, incremental to the completed £100 million programme, with total costs to achieve expected to be around £350 million.
Aviva also raised its medium-term ambitions with new three-year Group targets. It now expects operating earnings per share to grow at an 11% compound annual rate between 2025 and 2028, while forecasting an IFRS return on equity of about 17% in 2025 and above 20% by 2028.
Copyright(c) 2025 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2025 AFX News
