Key points:
- Aviva reports first-half earnings Wednesday
- The company said it was an ‘excellent six months’
- Aviva shares jumped 9%
Shares of Aviva (LON: AV) surged Wednesday morning, currently trading 9% higher after the company reported earnings for the first half of the year.
The insurance company’s CEO Amanda Blanc said, “sales are up, operating profit is higher, our financial position is stronger. This has been an excellent six months for Aviva.”
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Biggest Winners From Early Q2 Earnings Reports
“Our scale and diversification give us resilience and opportunity, enabling Aviva to withstand the challenging economic climate. Our market leading positions and our unique ability to look after a wide range of customers’ needs are clear advantages and have driven robust operating performance. Trading has been encouraging across all our major businesses in insurance, wealth and retirement,” she added.
Aviva reported an operating profit of £829 million, up 14% year-over-year.
UK & Ireland Life sales increased 4% to £16.8 billion from £16.2 billion during the same period last year, while general insurance gross written premiums were up 6% to £4.7 billion compared to £4.36 billion the previous year, with a 94% COR.
Aviva also hiked its interim dividend per share by 40% to 10.3p from 7.35p.
Looking ahead, Aviva said UK & Ireland Life is expected to see continued growth, while in General Insurance, they expect the rating environment to remain favourable in commercial lines, while in personal lines, they will “continue to price appropriately to manage inflation.”
