Aviva plc announces the results of its General Meeting held today. Aviva Announcement. For further information, please contact, Aviva plc to increase and extend ordinary share buyback programme, taking the maximum aggregate consideration to 1.0 billion. New research from Aviva shows that the hidden impact of inflation on savings, and therefore buying power, is not widely understood by more than half of Brits today. "The progress weve made in the last year shows Aviva has what it takes to produce attractive and sustainable returns for shareholders. He will join the company later this year. The B share scheme remains subject to shareholder approval and customary conditions, including no material deterioration in market conditions or the financial position of Aviva. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. Terms of use. Find out more about our climate goals at, Aviva is a Living Wage and Living Hours employer and provides market-leading benefits for our people, including flexible working, paid carers leave and equal parental leave. Were the first major insurer worldwide to target Net Zero carbon by 2040. Proactive will on occasion use automation and software tools, including generative AI. This is in addition to the 1 billion share buy-back which was completed on 31 March 2022. Weve achieved a lot in the last year but were only just getting started. The Board has not approved or made any decision to pay any dividend in respect of any future period | 4 Controllable costs excluding cost reduction implementation and IFRS 17 costs | 5 From continuing operations | 6 Operating profit represents Group adjusted operating profit which is a non-GAAP APM. 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Please read those notices in full in order to obtain a comprehensive understanding of the Companys proposals | 3 Estimated dividends are for guidance, these are calculated using the illustrative consolidation ratio and are subject to change. Can you tell me a bit more about those? This follows the announcement on 2 March 2022 that Aviva intends to return 3.75 billion to the holders of its ordinary shares (the "Shareholders") and holders of American depositary shares representing ordinary shares ("ADSs") in the form of a payment of 101.69 pence per ordinary share. We are one of the UKs leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. 27 Mar 2015 Aviva plc announces the following senior appointments subject to the completion of the all-share acquisition of Friends Life by Aviva. Throughout this report we use a range of financial metrics to measure our performance and financial strength. Aviva is a market leader in sustainability. to get the latest news from Aviva by email. According to the latest study from Aviva, 67% of Brits admit to having debt that's weighing them down. Aviva plc 2021 Results Announcement* Increased confidence - dividends up, targets up, substantial capital return . And what we want to do is make their experience of dealing with Aviva easier. Share price data delayed by 15 minutes. Access regulatory, governance and risk information. In the General Insurance business, both in Canada and in the UK, the volume is now 8.8 billion of gross written premium, which I think we're all incredibly pleased with. These metrics include Alternative Performance Measures (APMs), which are non-GAAP measures that are not bound by the requirements of IFRS and Solvency II. All resolutions were voted on by way of a poll and were passed. Amanda Blanc, Group Chief Executive Officer. Further details are included in the 'Other information' section | 7 References to sales represent present value of new business premiums (PVNBP) which is an Alternative Performance Measure (APM) and further information can be found in the 'Other information' section. Aviva has announced that it will pay a further 47 million to eligible private medical insurance customers as it completes its COVID-19 Pledge to customers. Share buyback nearing completion. 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These audience insights are used to make our website more relevant. The Share Consolidation and admission of the New Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities are due to take place no later than 8.00 a.m. today. All resolutions were voted on by way of a poll and were passed. Until that date, Stephen Gould will continue as Interim Chief Risk Officer. The information published in this section is solely intended for use by members of the media. Aviva has revealed a glimpse into coronations past, demonstrating how the insurance world marked these historic occasions. See the highlights from our 2022 Annual Report and download the full details. Other languages RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. These cookies are used to deliver our website and content. Aviva is a market leader in sustainability. On track to meet or exceed Group targets. If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, fund manager, solicitor, accountant or other appropriate independent financial adviser duly authorised, {{ storiesRelated.scrollNewsPercent }}% Complete, https://data.fca.org.uk/#/nsm/nationalstoragemechanism, Crest Nicholson shares slump after warning on interest rates, London midday: Stocks dip amid interest rate worries, London close: Ex-dividends, interest rate concerns drag on stocks, UK govt rejects Royal Mail move to axe Saturday deliveries, Europe close: Stocks end mixed after soft euro area GDP figures, US open: Stocks edge higher, Fed meeting coming into focus, Initial US jobless claims jump by 28,000 during latest week, FTSE 250 movers: FirstGroup surges; Crest Nicholson down on rate warning. confidence that if things go wrong we'll be there to put it right. Stag or hen invitees may need to dig deep as Aviva reveals the average cost as up to 1,208 per person, if they wish to join the party. The first is cumulative cash remittances, over the next three years of greater than 5.4 billion. Prior to his current role, James was Chief Actuary at Scottish Widows Life and General Insurance business from 2015-2019. This announcement introduces the proposals contained in the Circular, which should be read by shareholders before taking a decision. This plan means Net Zero carbon emissions from our investments by 2040; setting out a clear pathway to get there with a cut of 25% in the carbon intensity of our investments by 2025 and of 60% by 2030; and Net Zero carbon emissions from our own operations and supply chain by 2030. Discover what guides our business and behaviours. Look behind the logo and learn about the people who make Aviva what it is. Terms and conditions relating to the use and distribution of this information may apply. So we've made really rapid progress and I think that's a good thing because that allows usto now move on. In 2021, we announced our plan to become a Net Zero carbon emissions company by 2040, the first major insurance company in the world to do so. For the latest corporate films from around our business, subscribe to our YouTube channel: {{ storiesRelated.scrollNewsPercent }}% Complete, https://www.aviva.com/about-us/our-people/, Crest Nicholson shares slump after warning on interest rates, London midday: Stocks dip amid interest rate worries, London close: Ex-dividends, interest rate concerns drag on stocks, UK govt rejects Royal Mail move to axe Saturday deliveries, Aviva Plc to Increase and Extend Share Buy Back, Europe close: Stocks end mixed after soft euro area GDP figures, US open: Stocks edge higher, Fed meeting coming into focus, Initial US jobless claims jump by 28,000 during latest week, FTSE 250 movers: FirstGroup surges; Crest Nicholson down on rate warning. Sustainability is fundamental to our strategy and culture. Continued growth momentum across the Group. REG - Aviva PLC - TR1: Notification of Major Holdings. Our purpose and strategy - and what to expect if you join us. Obtains access to the information in a personal capacity; Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. "The Focus and Strengthen parts of our strategy are complete and we are now wholly focused on accelerating performance. It's very attractive but also sustainable. The third target is on cost reduction, where we've upgraded our current target to 750 million gross of inflation. | London Stock Exchange . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. In 2022, we paid 23.2 billion in claims and benefits to our customers. We have been taking care of people for 325 years, in line with our purpose of being with you today, for a better tomorrow. Aviva plc 2021 Results Announcement* by WebWire. The second target is a growth target. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index. We're building sustainable products in the wealth business. Philip Pears, Savings and Retirement Client Relationships Manager, on first steps and giggles after devastation. This announcement has been prepared in accordance with and for the purpose of complying with English law and the Listing Rules and Disclosure Guidance and Transparency Rules of the FCA. Customers should not rely on the information contained within these news releases to form the basis of investment decisions. How Bulk Purchase Annuities are helping to fund the green energy revolution. If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, fund manager, solicitor, accountant or other appropriate independent financial adviser duly authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or, if not, from any appropriately authorised independent financial adviser. If you look at the growth results, they're really strong, but also we've seen the cost reduction that we've committed to. This information is provided by RNS, the news service of the London Stock Exchange. Sustainability is fundamental to our strategy and culture. Strong and resilient capital position. Continuing momentum with strong first half results demonstrating benefits of diversified business model Confident outlook for 2022 despite challenging market backdrop During the Programme, Citi has discretion to notify Aviva of a reduction in the Programme size due to a decrease in trading liquidity of the shares. 2 March 2022. Aviva plc's global asset management business Aviva Investors' Real Estate Debt team has surpassed its 1 billion sustainable transition financing goal, beating its target, set just 18 months ago, by 3 years. No application has been, or will be, made to the FCA or to the London Stock Exchange, respectively, for any of the B Shares to be admitted to the Official List or to trading on the London Stock Exchange's main market for listed securities, nor will the B Shares be listed or admitted to trading on any other recognised investment exchange. Explore our brand site for photos and logos, and follow us on social media. Investors and shareholders, discover more about our savings, retirement and insurance business. Aviva is urging green-fingered residents to take care when planting trees and shrubs near their homes. Strong and resilient capital position. "Today we are announcing a total capital return to shareholders of 4.75bn 1, including the existing 1bn share buyback, delivering on our . Recent research carried out by Aviva paints a picture of increased activity for advisers compared with three years ago, with customer demand for information up across all products, and a significant increase in frequency of customer reviews. Aviva plc ("Aviva") announces today it will . For further information, please contact. The investment company, which employs 16,000 people in the UK, said the plans would not lead to job cuts and offices would still be available for staff on a rotation basis. Data delayed 15 minutes unless otherwise indicated. James is currently Chief Financial Officer of Scottish Widows, and Finance Director of Lloyds Banking Groups Insurance, Pensions and Investments Division. on 9 May 2022, the Company announces that the allotment and issue of 3,687,322,000 B Shares relating to the B Share Scheme (there being 3,687,322,000 Existing Ordinary Shares in issue at the Record Time) will occur today. And the next phase is about delivering Aviva's promise. 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