Aviva PLC (NYSE:AVVCL.PFD)

$ 25.49 (0%) Market Cap: - Enterprise Value: -21.00 Bil PE Ratio: 27.36 PB Ratio: 2.09 GF Score: 45/100

Full Year 2024 Aviva PLC Earnings Call Transcript

Feb 27, 2025 / 09:00 AM GMT

Transcript

Key Points

Positve

Aviva PLC (AVVIY) reported a 20% increase in operating profit, reaching nearly 1.8 billion pounds.
The company announced a final dividend of 23.8p per share, with a total dividend per share up 7% year on year.
Aviva PLC (AVVIY) achieved double-digit growth in several areas, including UK and Ireland general insurance, and Canadian operations.
The proposed acquisition of Direct Line is expected to deliver 125 million pounds in cost synergies and unlock material capital benefits.
Aviva PLC (AVVIY) has a strong capital position with a solvency ratio of 203% and a leverage ratio reduced to 29%.

Negative

Operating funds generation (OFG) was 4% lower in 2024 compared to the previous year.
The Canadian operations faced challenges due to severe weather events, impacting the combined ratio.
There was a noted decrease in assumption changes and experience variances within the IWR segment.
The equity release market has contracted further, affecting individual annuities.
The company anticipates a headwind of around 100 million pounds from Solvency UK reform, impacting future targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AV.L - Aviva PLC
Full Year 2024 Aviva PLC Earnings Call
Feb 27, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and thank you for joining us for our full year 2024 results presentation. So as always, I'll give you a brief update on our performance before Charlotte takes you through the results in more detail. Then I'll cover the strategic progress that we're making and we'll finish with an opportunity for questions.

As you can see, we're off site today because our usual space at 80 Fenchurch Street is being reconfigured, but we will be back there next time.

So let me start with the key messages.

Today's numbers once again demonstrate that we have delivered what we said we would, increasing the momentum built up over the last 4.5 years.

We're extending our track record of performance with consistent

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