MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


TOP NEWS: Aviva raises dividend as swings to half-year profit

ALN

Aviva PLC on Wednesday reported a profit in the first half of 2023, boosted by growth in gross written premiums.

The London-based insurer said its interim IFRS post-tax profit was £377 million, compared to a loss of £198 million a year before.

General insurance gross written premiums rose 12% to £5.27 billion from £4.69 billion.

However, the solvency II shareholder cover ratio in the first half of 2023 declined to 202% from 234% a year prior.

The company declared an interim dividend of 11.1 pence per share, up 7.8% from 10.3p a year before. Aviva is aiming for a total 2023 dividend of 33.4p, up 7.7% from 31.0p in 2022.

Looking ahead, Aviva expects to exceed its Solvency II operating funds generation target of £1.5 billion per year by 2024. Further, its 2024 target of £750 million gross reduction is eyed to be delivered a year early.

Operating profit for 2023 is anticipated to grow between 5% and 7% from 2022’s £1.35 billion.

Aviva shares rose 1.2% to 384.39 pence each on Wednesday morning in London.

Copyright 2023 Alliance News Ltd. All Rights Reserved.