According to the Group’s press release, excluding Direct Line, Group operating profit increased by 15%. 68% of the Group’s operating profit is now from capital-light businesses. SII operating own funds generation (Solvency II OFG) up 40% to GBP 2,317 million (2024: GBP 1,655 million), including GBP 182 million from Direct Line, delivering GBP 1.8 billion target one year early with GBP 1.8 billion of underlying Solvency II OFG. Excluding Direct Line, Solvency II OFG increased by 29%.
Cumulative cash remittances since 2024 is GBP 4.1 billion and comfortably on track to achieve the >GBP 5.8 billion cumulative cash remittances three-year target (2024-26).
As outlined in November, Aviva has set new three-year Group targets: operating EPS of 11% CAGR (2025-28), IFRS RoE >20% (by 2028) and cash remittances of >GBP 7 billion (2026-28 cumulative).
General Insurance premiums were up 18% to GBP 14,145 million (2024: 12,204 million). Group undiscounted COR was 94.6% (2024: 96.3%) and discounted COR was 90.6% (2024: 92.2%).
“Aviva delivered an outstanding performance in 2025, our fifth consecutive year of strong, profitable growth. Operating profit was up a significant 25% and we increased cash and capital generation and IFRS return on equity. We have achieved our 2026 financial targets one year early, highlighting the rapid and sustained progress we are making. We are highly committed to growing our dividend and today we are announcing a final dividend of 26.2 pence per share, an increase of 10%, and we are commencing a GBP 350 million buyback”, Amanda Blanc, Group Chief Executive Officer commented.
“Results have been excellent right across Aviva. For example, in general insurance we grew premiums by 18% and secured strong levels of profitability in the UK, Ireland and Canada. In wealth we cemented our position as the number one player with over GBP 230 billion of assets; we attracted record net inflows of almost GBP 11 billion and won over 500 new workplace pension schemes”, Amanda Blanc said. “We are in a very strong position to deliver long-term growth, especially in the capital-light markets of wealth and insurance and unlock even more benefits for our customers and shareholders”, the CEO added.
The full report can be found here.
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