Last $8.67 USD
Change Today -0.087 / -0.99%
Volume 9.3K
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As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

aviva plc (AIVAF) Key Developments

Aviva Plc Appoints Andrew Brem as Chief Digital Officer

Aviva Plc announced the appointment of Andrew Brem as chief digital officer, reporting to Mark Wilson, Aviva's chief executive officer. In this new role, Brem will lead Aviva's group-wide digital transformation, including product innovation and development through data analytics, customer insights and risk management, direct distribution, interactive communication and claims handling, as well as marketing and branding across social media and the mobile internet. Brem has previously held e-commerce and digital leadership roles. From 2012 to 2014, he was managing director, Commercial & Product Development at British Gas.

Aviva plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Aviva plc announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported net earned premiums of £10,403 million against £10,548 million a year ago. Net investment income was £9,857 million against £3,960 million a year ago. Profit before tax was £1,234 million against £605 million a year ago. Profit for the period from continuing operations was £863 million or 24.6 pence diluted per share against £406 million or 10.1 pence diluted per share a year ago. Profit for the period attributable to equity shareholders of the company was £755 million or 24.6 pence diluted per share against £693 million or 22.5 pence diluted per share a year ago. Total net cash used in operating activities was £1,558 million against total net cash from operating activities of £2,553 million a year ago. Purchases of property and equipment were £7 million against £36 million a year ago. Operating profit was 4% higher at £1,052 million against £1,008 million a year ago, despite the impact of lower annuity sales, higher weather losses, disposals and adverse foreign exchange movements. These negative items were more than offset by efficiency improvements and actions on its UK life back book, which generated approximately £100 million of net additional profit. Net asset value per share was up 7% at 290 pence against 270 pence for the same period a year ago. Operating EPS improved 16% and IFRS profit after tax more than doubled, as a result of significantly lower integration and restructuring expenses and positive investment variances. IFRS book value per share has increased 7% to 290 pence per share against 270 pence for the same period a year ago. Return on total equity was 14.5% against 15.2% a year ago. Return on equity shareholders' funds was 17.4% against 17.8% a year ago.

Aviva plc Declares Interim Dividend for the Year Ending December 31, 2014, Payable on November 17, 2014

Aviva plc announced that the directors declared an interim dividend for 2014 of 5.85 pence per ordinary share compared to 5.60 pence a year ago, amounting to £172 million compared to £165 million a year ago. The dividend will be paid on November 17, 2014 and will be accounted for as an appropriation of retained earnings in the year ending December 31, 2014. Ex-dividend date is October 9, 2014 and record date is October 10, 2014.

Aviva plc, H1 2014 Earnings Call, Aug 07, 2014

Aviva plc, H1 2014 Earnings Call, Aug 07, 2014

Aviva Appoints Chris Wei as CEO Global Life Insurance and Chairman Asia

Aviva announced the appointment of Chris Wei as CEO Global Life Insurance and Chairman Asia. In this new role, Chris will lead Aviva's life insurance businesses across the group. With his international experience, broad insurance expertise and customer focus, Chris will provide strategic direction to Aviva's life insurance businesses so that they achieve their full potential. Key strategic priorities for Chris will be ensuring the continued success of Aviva's UK life insurance business, which is a significant contributor to the Group's profitability and also driving the future growth of Aviva's Asian operations. From 2011 to 2014, Chris was CEO of Great Eastern Holdings Ltd, the listed Asian life insurer. Chris will take up his new role at Aviva in October 2014 and his appointment has received regulatory approval.

 

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