No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Insurer Aviva on Thursday reported a 25% jump in operating profit supported by a strong general premiums performance in its UK & Ireland and Canadian operations.
Earnings came in at 2.2bn, including a 174m boost from the recently acquired Direct Line for 3.7bn. The company resumed share buybacks with a new 350m offer.
General insurance gross written premiums rose 18% to 14.14bn and Aviva's wealth-and-retirement reported net inflows of almost 11bn.
Aviva reiterated the financial targets it set out in November, including increasing earnings per share by 11% a year to 2028 and nearly doubling cost savings from the Direct Line deal.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.