About Aviva
Who is Aviva?
Aviva is the parent company of Aviva Group Ireland plc, Ireland’s largest consolidated insurance company that services 1.2 million customers across life, general and health insurance markets. Aviva’s main business is the provision of pensions, investments, fund management and insurance products to customers worldwide.
Aviva is a leading global company with operations in 27 countries, serving over 50 million customers and employing over 55,000 people. Aviva has a 300-year heritage, including Norwich Union in the UK and 100 years in Ireland with Aviva Group Ireland plc. Aviva’s main business operations are in the UK, Europe, Asia Pacific and North America.
How did Aviva perform in 2008?
“In a tumultuous year, our underlying business has shown great resilience. Operating profits are up and we have maintained our dividend. Bottom line earnings have been affected by investment markets which have predictably created significant unrealised losses during the year.” (Andrew Moss, CEO Aviva - 5 March 2009)
Sales have continued to grow
- Aviva’s business returned total worldwide sales of £51.4 billion at 31 December 2008.
- Life and pensions sales up 11% to £36.3 billion (up 2% on local currency basis).
- Funds under management of £381 billion as at 31 December 2008.
Capital and liquidity position remains strong
- Consistent strategy throughout the global crisis has ensured the financial health of Aviva.
- Estimated £2.0 billion solvency surplus (IGD surplus) as at 31 December 2008. Equity hedges are still in place and even if the equity markets were to fall a further 40% from 31 December 2008 levels, Aviva’s solvency surplus would still be approximately £1.3 billion.
- Maintaining this capital strength has been a priority in 2008 and will remain so in 2009.
- Aviva has maintained its dividend policy following strong operational performance in turbulent markets.
- Aviva Group Ireland has over 160% of its local solvency requirement as at 31 December 2008.
Full year financial accounts and more details are here on Aviva.com
http://www.aviva.com/2008annualreport
Committed to growth, committed to Ireland
Over the recent years, having a strong parent has allowed Aviva Group Ireland plc to:
- Acquire Ark Life Assurance in 2006 to become one of Ireland’s largest insurers.
- Acquire Vivas Health Insurance Ireland limited in 2008 - Ireland’s fastest growing health insurer.
- Secure the naming rights to Aviva Stadium - giving Aviva Group Ireland plc a local presence on a global stage.
For more information on Aviva Stadium, click here.
- Broker sign in
-
Login to our new Broker site Client ID and password are required.
- Aviva plc
-
See Aviva around the world
- Share price
-
Check the latest UK share price information (The share price is delayed by at least 15 minutes)
- Fund prices
-
Check the latest fund price information (Updated at close of business on previous working day)