Aviva

Ticker AV.

Today's data summary

Market open
% change
+0.14%
Price Pence
487.40
Change
+0.70
As of 11:04 21 Aug 2018
Market cap. Pound sterling
19,150.89 million
As of 11:04 21 Aug 2018

Latest updates

Aviva reports strong year

Insurance giant Aviva has reported a 2% rise in operating profit for last year to £3.1bn.

"Our largest market, the UK, has gone from strength to strength, growing sales, market share and profit. For Aviva, the UK is a dependable and growing business," said Mark Wilson, Aviva chief executive.

This year the company expects to reduce its debt by £900m, return £500m to shareholder and have £600m available to buy other businesses.

Aviva pockets £178m from Spanish sale

Aviva sign
Reuters

Insurer Aviva has flogged its remaining Spanish businesses for €202m (£178m).

The life insurance and pensions joint ventures Cajamurcia Vida and Caja Granada Vida have been sold to Bankia.

The company has been slowly retreating from Spain since the the restructuring of the Spanish banking system, which started in 2010.

It's since made a total of €1.6bn (£1.3bn) from the sale of its Spanish shareholdings - including today's deal.

Mark Wilson, Chief Executive said: “The transaction further simplifies Aviva, strengthens our already healthy capital position and is another example of our focus on attractive, growing markets where we have high quality franchises.“