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Friday 07 August 2015 by Company updates

Aviva 1H15 results update

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

Aviva (now merged with Friends Provident) has posted a good set of 1H15 results overnight

Key points:

Underlying profit up 9% to GBP1.17bn
Beat market estimates on all fronts
NPAT was down to GBP545m but that included GBP271m in costs relating to the merger and integration of Friends Provident (as expected)
Capital ratios up with excess capital of GBP10.8bn (up from GBP8.0bn six months ago)
Increase in dividend of 15%

We continue to like Aviva and the old style subdebt and Tier 1 issues of Aviva and Friends Provident/Friends Life which are all part of the same group.

For further detail please see the Aviva PLC 2015 Interim results announcement External link - opens in a new window .

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