Im looking forward very much to speaking to you and hearing your views about the prospects and performance of Aviva. Our purpose and strategy - and what to expect if you join us. 1Sales refers to present value of new business premiums (PVNBP) in Life or gross written premiums (GWP) in General Insurance. Our sustainability ambition is focussed on three core areas. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Aviva has produced strong shareholder returns, including substantial distributions of excess capital. Explore our news and research, opinions and podcasts. In particular, and subject to your approval, were delivering on our commitment to you, announcing a capital return of 4.75 billion in total. An Aviva spokesperson had said earlier on Wednesday that Cevian had sold almost the entire . Well do all we can to live up to that responsibility, delivering on our promise to our customers, and to you, our shareholders. View savings and insurance products and get a quote. Insurer to cut costs and focus on key markets after pressure from activist investment firm Cevian. Supporting our growing renewable energy industry, both on and offshore, is a critical part of achieving that ambition.". Last years events were in marked contrast to Avivas previous AGMs, which were relatively tame affairs compared with those held by fellow FTSE 100 companies particularly those in the banking or oil sector, which often draw scandal victims, irate customers and environmental protesters. Aviva announced on 2 March the acquisition of Succession Wealth (acquisition of 100% of Succession Jersey Limited, including its subsidiaries) for a consideration of 385 million. Cevian has previously called on Aviva to return five billion pounds to shareholders by the end of 2022. The AGM notice did not detail what would be considered a removable offence, meaning it will be up to Culmers board, and hired security, to determine what kind of comments could result in shareholders being thrown out. Access regulatory, governance and risk information. Discover our people, diversity and follow us on social media. said its share consolidation and the admission of . Aviva plc published this content on 29 March 2023 and is solely responsible for the information contained therein. In 2022, in that sort of forum, you would not have expected that.. We believe everyone at Aviva should be able to be themselves. Our sustainability ambition is focussed on three core areas. Weather. Cevian has called for 500m in cost savings by 2023. Our Standards: The Thomson Reuters Trust Principles. total Group assets under management at Aviva Group were 352 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2023 was 7.7 billion. Shonaid Jemmett-Page was appointed to the Board as non-executive director on 20 December 2021. 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. Aviva Plc said it will return 4.75 billion pounds ($6.3 billion) to shareholders, and will invest half a billion pounds in growth and efficiency efforts in the coming year as it enters the next. We've set ourselves new targets, set out an attractive, sustainable dividend policy, and are taking advantage of good growth opportunities across our markets. All quotes delayed a minimum of 15 minutes. Visit our brand website for Aviva logos and brand guidance. Analysts at Jefferies said they expected Aviva to offer recurring 250 million pound buybacks. The disposals, to be completed by the end of the year, will raise 7.5bn. Aviva PLC (LSE:AV.) Find out about our purpose, priorities and products. Aviva, which has major businesses in Britain, Canada and Ireland, has already given 4.75 billion pounds ($5.73 billion)back to shareholders after raising 7.5 billion pounds in a string of disposals since Amanda Blanc became CEO in July 2020. Read our shareholder updates for news and offers from Aviva. I appreciated the opportunity to take your. Aviva, one of Britains biggest insurance firms which sells life, home, health and car insurance, reported a 17% rise in first-half operating profits from continuing operations to 725m. The capital return falls short of the 5bn demanded by Cevian, a Swedish investment firm and the largest activist fund in Europe, which has built a 5% stake in Aviva to become its second-biggest shareholder after BlackRock. . LONDON, Aug 10 (Reuters) - Aviva (AV.L) plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Aviva ( AV.L) shares ticked up Tuesday morning as the insurance company comes under pressure from top activist investment firm Cevian Capital to give 5bn ($7bn) in cash back to its. Last year 280 firms changed their practices after pressure from Aviva Investors, Mr Baig said. Blanc described this as absolutely outrageous. Copyright 2023 KM Business Information Canada Ltd. AI roadmap How insurance firms can prime themselves for the future, IBC calls on Ontario to prepare for wildfire season, Why there's reason for hope despite NZIA chaos, Arch Insurance names VP of distribution for accident & health, Aviva not poorly performing anymore, says ex-shareholder. The diversified model we have built at Aviva has proved its worth, providing clear benefits for customers and shareholders and driving our great results last year. Full details of the proposed capital return are expected to be published on 5 April 2022. Blanc said she hoped the insurance sector would achieve gender equality and could slowly eradicate this type of occurrence for the next generation. Our Standards: The Thomson Reuters Trust Principles. Aviva : Shareholder updates 06/23/2021 | 06:31am EDT October 2015 Warning to Shareholders Aviva and our Registrar, Computershare, have been contacted by a number of our shareholders regarding calls they have received from Oak Tree Finance regarding their Aviva shareholdings. Data from Investis, Aviva plc to commence buyback of ordinary shares (investis.com), Shareholder meetings and archives - Aviva plc, Read more Aviva achieves validation of its science-based emission targets - Aviva plc, Read more Aviva helps restore rare native British rainforests - Aviva plc. The company's solvency ratio, a key measure of capital strength, came in at 212%, down from 244% the previous year. George Culmer has cautioned investors that unacceptable behaviour will not be tolerated at next months meeting after sexist comments were made towards Amanda Blanc last May. 2Constant currency. On top of that, well match donations by adding 1 for every 1 donated up to the value of a further 500,000. Our archive dates back to 2013. Life insurance value of new business is up 15%, general insurance sales1,2 are up 8% and overall operating profit is up 35%. 1 MarketScreener is worth more than 1000 Influencers! Buying a Home in California Is Already Hard. We successfully completed the sale of eight non-core businesses, generating excellent value for our shareholders. She said the management team was really pleased with Thursdays announcement. Read more - Aviva is one of the first Living Pension employers - Aviva plc, Aviva will help restore Britains lost rainforests, as part of a 100 million programme of nature-based projects in UK and Ireland to help address climate change by removing carbon dioxide from the atmosphere, Aviva will partner with The Wildlife Trusts to re-establish the UKs rare and biodiverse temperate rainforest, The project is expected to remove approximately 800,000 tonnes of carbon from the atmosphere - equivalent to the emissions created by one person taking over 740,000 transatlantic flights. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The 2021 final dividend will be calculated on the number of shares held on the record date of 8 April, and therefore prior to the proposed share consolidation. Stay current with all the latest and breaking news about Bansk Bystrica, compare headlines and perspectives between news sources on stories happening today. LONDON, Aug 10 (Reuters) - Aviva (AV.L) plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit,. Andrea Blance was appointed to the Board as non-executive director on 21 February 2022. Resignation of Group CFO about Resignation of Group CFO Jason Windsor. Seven Summer Camps Just for Adults, Goldman CEO Loves Summer Camp So Much Hes Expanded His Portfolio, How Summer Camp Became Such a Hot Mess for Parents, Amazon Fired Another Alabama Union Organizer, Union Says, India Panel Favors Keeping Sedition Law Put on Hold by Top Court, Solar Beats Coal in Europe for First Time - But Theres a Glitch, US Concerned About Vietnams Detention of Environmentalist, US Mayors Cite Unprecedented Mental Health Crisis as Top Concern, New Jersey Senior-Living Facilitys Woes Exacerbated by Construction Delays, Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns, FTX Objects to Extension of Mediation Talks for Bankrupt Crypto Lender Genesis, Key House Republicans Unveil Crypto Market Structure Draft Bill. Id like to encourage you to take advantage of this opportunity, Culmer said in his letter to shareholders. However, he urged more big investment firms to use their "loud" and "influential" voices to drive change. See the highlights from our 2022 Annual Report and download the full details. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Follow Aviva Plc on Twitter and LinkedIn for regular updates. Copyright 2023 Surperformance. As ever, you can find out about all of this, and more, in the rest of this months update. Well share more shareholder updates in June, September and December 2022. View savings and insurance products and get a quote. We prepare a lot of things for all the business meetings that we do, including our AGM. On 9 March 2023, Aviva announced a share buyback programme of its ordinary shares for up to a maximum aggregate consideration of300 million3(the "Programme"), commencing on 10 March 2023. Avivas chairman has warned that he will not tolerate disrespectful behaviour from shareholders at its annual meeting, as the insurer tries avoid a repeat of last years event when misogynistic comments were targeted at its chief executive. You can read more in our Annual Report about how we are unlocking Avivas unique competitive advantages of our customer base, our scale, and our diversification. Following a pension scheme payment and investor payouts, this fell to an estimated 196%, the company said. Aviva is returning 4.75bn to shareholders and has beefed up its cash generation and dividend guidance as part of chief executive Amanda Blanc's vision for a "simpler, leaner" business,. Shareholders are advised that such calls have not been arranged by either Aviva or our Registrar, Computershare, and are likely to be part of a scam. Access resources for journalists and Aviva followers. The UK-headquartered giant has since. Distributed by Public, unedited and unaltered, on 03 April 2022 00:13:08 UTC. If you have any feedback or suggestions for our shareholder update, please emailaviva.shareholders@aviva.com. So taking suppliers with us on our journey to achieving Net Zero supply chain by 2030 is key, something we took a significant step towards by hosting our first Net Zero Supplier Summit in November.. Data from Investis. "Today we are announcing a total capital return to shareholders of 4.75bn, including the existing . -, London stocks rise as US averts default; Dechra surges, British Insurer Aviva Concludes GBP300 Million Share Repurchase Program, Aviva : appoints James Hillman as Chief Risk Officer*, Aviva : More than 1 in 10 over 55s have mortgage debt in the run up to retirement, Carney's climate alliance sounds alarm on "political attacks" on insurers, Cevian Capital Sold Its Whole Stake in Aviva, Berenberg Trims Aviva PT, Maintains Buy Recommendation, Germany enters recession; UK energy price cap lowered, Chief Executive Officer & Executive Director. First up, thank you for investing in Aviva and for placing your trust in us. This is in addition to the 1 billion share buy-back which completed on31 March 2022. All news about AVIVA PLC: 04/17: Aviva : commits further 150 million to Aviva Ventures and invests the first 1.5 million .. PU. Shareholder update - April 2022 Chair's update Financial updates Business updates Environment & community updates Chair's update Dear Shareholder Last month we published our full year results for 2021 and our Annual report and accounts. We have radically simplified Aviva, we are financially strong and we are utterly focused on transforming and growing the business. Emma Walmsley, chief executive of drugmaker GSK, is currently being targeted by the New York hedge fund Elliott Management, run by the billionaire Paul Singer, which took a sizeable stake in GSK to push for change in April. Aviva (AV.L) Aviva added 1% after the insurer and asset manager said it has completed its 300m share buyback programme. Find out about our purpose, priorities and products. Please let us know if you have any comments or suggestions about the site by sending an email toaviva.shareholders@aviva.com. And thats what I want to be judged by, what Im not prepared to be judged by is the fact that I am a woman, Im not a man standing on the stage there., Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Blanc was the target of sexist remarks from individual shareholders at the Aviva AGM in London, with comments from the floor that she was not the man for the job and that she should be wearing trousers. Get set for the working day we'll point you to all the business news and analysis you need every morning. Discover our people, diversity and follow us on social media. Information and contacts for institutional investors. 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