Aviva Set to Post £1.3 Billion Half-Year Profit, Up 17.5%
Updated
Updated · CNBC · Aug 12
Aviva Set to Post £1.3 Billion Half-Year Profit, Up 17.5%
2 articles · Updated · CNBC · Aug 12
Summary
£1.3 billion in first-half operating profit is the analyst consensus for Aviva ahead of Friday’s results, with growth expected to be strongest in U.K. and Ireland general insurance.
Direct Line is a key driver of that momentum after Aviva’s £3.7 billion 2024 takeover gave it roughly a fifth of the U.K. motor insurance market.
Amanda Blanc’s six-year overhaul also included selling eight businesses for about £8 billion, narrowing Aviva to the U.K., Canada and Ireland and helping fund £10 billion of capital returns including dividends.
Aviva is now pushing wealth as its next growth engine in a U.K. market it says could exceed £4 trillion by 2030, after buying Succession Wealth for £385 million to retain more pension assets.
Shares have risen about 150% since Blanc took over, though investors still question patchy fund performance and longer-term risks around the group’s structure and motor insurance outlook.