Aviva reported GBP 1.068 billion in group adjusted operating profit for the first half of 2025, meeting halfway to its GBP 2 billion target. Cash remittances increased by 7% to GBP 1.022 billion, with a cumulative target of GBP 5.4 billion. Profit before tax was also strong, positioning Aviva well for the full year forecast.

In the insurance, wealth, and retirement sectors, Aviva saw stable profits in retirement business and a rise in low-double-digit IWR profit driven by higher wealth net flows. General insurance profit also rose significantly, with increases in UK personal and commercial premiums, as well as higher pricing in Canada auto and home personal lines.

Maintaining a fair value estimate of GBX 720 per share and a rating of no-moat, Aviva announced a GBX 13.1 per share interim dividend with a cash cost of GBP 400 million. The business is halting buybacks until next year, in line with forecasted dividend expectations. Solvency at 206% is slightly below full-year estimate, but on track to reach GBP 1.8 billion target with generated own funds of GBP 909 million in the first half.

Read more at Morningstar: Solid Rise in Operating Profit Driven by General Insurance and Wealth