Strong Overall Growth
Operating profit was up 20% to nearly £1.8 billion, and underlying own funds generation was up 18% to £1.5 billion. The total dividend per share increased by 7% year-on-year.
General Insurance Growth
U.K. and Ireland General Insurance saw a 16% growth in premiums, with personal lines up 22% and commercial lines up 12%. Canada also experienced an 11% growth in premiums.
Wealth Management Milestone
Aviva hit £50 billion of assets on the adviser platform, extending its number one U.K. wealth position with nearly £200 billion of assets under management.
Protection Sales Surge
Protection sales were up 42%, following the completion of the AIG acquisition, with operating profit in this segment up 26%.
Proposed Acquisition of Direct Line
The acquisition is expected to create a leader in U.K. personal lines, delivering £125 million in cost synergies over and above existing commitments.