Aviva reports 2025 results

Aviva reported full year 2025 results, with operating profit rising 25% to £2.2 billion, up from £1.77 billion in 2024.

The insurer said it reached its 2026 group targets a year early, supported by growth across its businesses and contributions from Direct Line. Aviva added that 68% of operating profit now comes from capital light operations. The company increased shareholder returns, declaring a final dividend of 26.2p per share (+10%) and launching a £350 million share buyback.

“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 £350 million buyback.” – CEO Amanda Blanc.

Key figures include operating EPS of 56.0p (+17%), IFRS profit of £1.05 billion (+50%), IFRS return on equity of 17.5%, and cash remittances of £2.08 billion (+4%), while the Solvency II shareholder cover ratio declined to 180% from 203%.

General insurance premiums rose 18% to £14.1 billion, with a combined operating ratio of 94.6%. Aviva’s wealth business also grew, reporting £10.9 billion in net flows and £234 billion in assets under management.

The insurer now serves more than 25 million customers, including over 7 million multi product customers, and expects further earnings growth driven by its diversified model and the addition of Direct Line.

Aviva reiterated its medium term targets, including 11% annual operating EPS growth through 2028, IFRS return on equity above 20%, and more than £7 billion in cumulative cash remittances between 2026 and 2028.