In its latest quarterly results on Wednesday, the firm posted its highest general insurance sales in a decade, and boosted UK customer numbers by 100,000 to 15.4 million. Our Standards: The Thomson Reuters Trust Principles. 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. If you have any feedback or suggestions for our shareholder update, please emailaviva.shareholders@aviva.com. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We are investing to make it easier for customers to do business with Aviva and customer numbers in the UK have grown to 15.5m. The return, to ordinary shareholders and holders of American depositary shares representing ordinary shares (ADSs), is in the form of a payment of 101.69p per ordinary share. Information and contacts for institutional investors. Adam Winslow, CEO of Aviva UK & Ireland General Insurance, said: Aviva has pledged to achieve Net Zero by 2040 and in November we set out our commitment to help support the UK to become the most climate-ready large economy by 20302. Cevian has called for 500m in cost savings by 2023.

British insurer Aviva raised the amount it said it would return to shareholders to 4.75 billion pounds ($6.31 billion) on Wednesday as it faces pressure from activist investor Cevian Capital . According to the latest study from Aviva, two thirds (67%) of Brits admit to having debt that's weighing them down. Discover what guides our business and behaviours. As ever, you can find out about all of this, and more, in the rest of this month's update. Aviva plc announced the resignation of Jason Windsor as CFO and as a Director of the Company with effect from July 2022. Smaller FTSE firms still failing on boardroom diversity, Shareholders urged to vote out Playtech chair over gender imbalance, Ladbrokes owner Entain appoints female chief executive, Germany agrees historic mandatory boardroom quota for women, City equal pay campaigner Helena Morrissey quits Legal & General, Imperial Brands' Alison Cooper steps down as CEO, She wrote on the networking site LinkedIn, it will take until 2050 to reach gender parity. The process involves issuing a new B share for every existing share today and then redeeming them tomorrow for 101.69p apiece. As I wrote in my statement for that report, they show that 2021 was the year Aviva began to deliver on our promise. Read more on the Directorate changes about Belen Romana Garcia and Patricia Cross. A General Meeting relating to a proposed reduction in capitalwill be held on the same date and at the same location as the AGM. Doug Brown, CEO UK & Ireland Life, Aviva, said: The Living Pension accreditation, combined with the incoming changes to auto-enrolment, could make a real difference in levelling up pensions for younger workers, part-time workers who are often women - and those with multiple lower-paid or part-time jobs. 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. In 2022, in that sort of forum, you would not have expected that.. Our core businesses in the UK, Ireland and Canada grew in 2022, and contributed to a very strong, all round performance. Shareholders who receive such calls are advised to hang up. State Farms Exit Makes It Harder. Find out about our purpose, priorities and products. 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. Follow Aviva Plc on Twitter and LinkedIn for regular updates.

We have had an increasing number of reports from shareholders that they have received cold calls where they are asked to confirm personal details such as their address. 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. See the highlights from our 2022 Annual Report and download the full details. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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 chair warns shareholders against repeat of sexism at AGM George Culmer says 'unacceptable behaviour will not be tolerated' after last year's comments about CEO Amanda Blanc Kalyeena. 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. The company's solvency ratio, a key measure of capital strength, came in at 212%, down from 244% the previous year. Aviva's shares rose 6% to two-month highs. The U.K.-based insurer and asset manager also said it had acquired financial advice firm Succession Wealth for 385 million pounds as it reported full-year results Wednesday. Aviva : Shareholder update - April 2022. 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. A recent report by the Women in Finance initiative found that at the current rate, it will take until 2050 to reach gender parity at senior levels of Britains financial services industry. Our purpose and strategy - and what to expect if you join us. Please enable your browser JavaScript to view the video. Activist investor Cevian - which first revealed its stake in the company in 2021 - said the results showed the company had made a "strong start to the next phase", which it said was delivering Aviva's long-term potential.

She said the management team was really pleased with Thursdays announcement. Were the first major insurer worldwide to target Net Zero carbon by 2040. In total, 34 stories have been published about Bansk Bystrica which Ground News has aggregated in the past 3 months. Aviva's operating profit rose 14% to 829 million pounds versus 742 million pounds seen in a company-supplied consensus forecast, helped by strong performance in commercial lines. UKwomen twice as likely to miss out on pensions auto-enrolment, Theres good reason why strong female role models deter other women from aiming for the top, Women still paid less than men at four out of five employers in Great Britain, Carol Vordermans later-life renaissance gives us just the kind of political hero we need, They are men they do nothing: inside the home lives of women around the world, I am proud of my work: the women pushing boundaries in Gaza, Dystopian surveillance disproportionately targets young, female and minority workers, Carol Vorderman disgusted by ministers attitude to menopause. Read more -Return of capital to ordinary shareholders - Aviva plc. In a statement, the life insurer said it had acquired 72.8 million. Share price data delayed by 15 minutes. Aviva, one of the UK's biggest insurance groups, is planning to use shareholder money to fund early-stage infrastructure projects, marking a step-change in its domestic investment efforts and . 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. The activist investor is not seeking a seat on the board, it is understood. When Blanc took the helm at Aviva in July 2020, the share price was 273p; it has since risen to 417p. Looking back on Avivas achievements over the past twelve months encourages us to look ahead with confidence. Last month we published our full year results for 2021 and our Annual report and accounts. However, he urged more big investment firms to use their "loud" and "influential" voices to drive change.

Her LinkedIn post had received 1.6m views and 825 comments the last time she looked, from all sectors, all industries, all genders, people expressing their support but also reliving their own stories. Its chief executive, Amanda Blanc, said the company would accelerate the capital return, starting with an immediate share buyback of 750m. Contacts and helpful information for managing your shares. Contacts and helpful information for managing your shares. Prepare for the Superpowers of Pride. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. -, 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. . Aviva has its own fund management arm . Registerto get an email when these are available. The industry leader for online information for tax, accounting and finance professionals. Month 's update the company would accelerate the capital return, starting with an immediate buyback. 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04/17: Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
Information and contacts for institutional investors. We therefore want to be as efficient as possible in looking after your needs and avoid unnecessary printing and postage. Its chief executive, Amanda Blanc, said the company would. The wider economic outlook remains volatile, but our full year results paint a consistent picture: Aviva has delivered another twelve months of strong performance. Resignation of Group CFO about Resignation of Group CFO Jason Windsor. Tuesday 12 . The disposals, to be completed by the end of the year, will raise 7.5bn. All investments . Full details of the proposed capital return are expected to be published on 5 April 2022. As ever, you can find out about all of this, and more, in the rest of this months update. In this section you can find all the information and contact details you need to manage your shares. This is made up of 3.75 billion via a B Share Scheme for the holders of ordinary shares and is subject to shareholder approval and customary conditions, including no material deterioration in market conditions or the financial position of Aviva. Blanc said management would meet Cevian and other investors in coming days to discuss Avivas plans and financial performance. Aviva (AV.L) Aviva added 1% after the insurer and asset manager said it has completed its 300m share buyback programme.

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