Aviva PLCAV
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Operating profit up 24%, dividend raised 7%, and cost synergies on track despite headline profit fall.
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Financials
Aviva PLCAviva reported a 49% decline in profit to £418m for the first half of 2026, while basic earnings per share fell 44% to 12.2p. Operating profit increased 24% to £1.32bn, which the insurer attributed to continued progress on its Direct Line integration and growth across core business lines. General Insurance premiums rose 29% to £8.09bn, with the undiscounted combined operating ratio improving to 93.3% from 94.6% a year earlier. Wealth net flows increased 32% to £7.6bn, and assets under management in Wealth climbed 25% to £261bn. Aviva said it had achieved £100m in run-rate cost synergies from the Direct Line integration against a target of £225m, and it increased the interim dividend by 7% to 14p per share.
Aviva PLCOperating profit up 24%, dividend raised 7%, and cost synergies on track despite headline profit fall.