Businessweek

Aviva plc, Q1 2013 Interim Management Statement Call, May 16, 2013

Aviva plc announced group cash flow results for the first quarter ended March 31, 2013. For the quarter, the company reported operating capital generation stable at £0.5 billion against £0.5 billion a year ago. Net asset value has increased by 9% to 302 pence and internal debt level has reduced by £300 million as of March 31, 2013 against 278 pence as of December 31, 2012. This increase reflects operating profit in the quarter and favorable investment variances. The IFRS net asset value also includes the benefits of the Aseval transaction and the sale of Malaysian business, both completed in April. IFRS net asset value per share was 295 pence as of March 31, 2013 against 278 pence as of December 31, 2012.

Aviva plc appointed Bob Stein as a director, in the annual general meeting held on May 9, 2013.

Aviva has completed the closure of its branch network Aviva Direct in Ireland, following the transfer of its life and pensions customers to a group of brokers. The 33,000 life and pensions customers of Aviva Direct have received notification that their business is to be transferred either to a broker of their own choice, or to a panel of 14 brokers. The policies will still be with Aviva, but the appointed brokers will represent them in the future, given that Aviva is no longer in a position to provide financial advice. The move to a broker network will not lead to additional charges or an increase in charges for customers, and the terms and conditions of policies remain unchanged.

Aviva plc announced 8 3/8% Cumulative Irredeemable Preference Shares of £1 – dividend of 4.1875% per share NET for the half year ended September 30, 2013, payable on September 30, 2013.