Aviva plc announces its Q3 2025 trading update, highlighting its strong performance and progress towards achieving its 2026 Group targets one year early. The company is on track to meet its financial goals, driven by exceptional performance across the Group, with no contribution from the Direct Line acquisition. This includes an expected operating profit of £2 billion and own funds generation of £1.8 billion, surpassing the initial targets. The integration of Direct Line is well underway, with cost synergies raised to £225 million and capital synergies expected to unlock at least £500 million. The company is also raising its ambitions with new three-year Group targets, aiming for an operating EPS of 11% through 2028, a Return on Equity of over 20% by 2028, and cumulative cash remittances of over £7 billion. The Q3 results show continued growth across the Group, with General Insurance premiums up 12%, Wealth net flows of £8.3 billion, and Protection and Health sales of £384 million. Aviva's strong solvency and liquidity positions are supported by a Solvency II shareholder cover ratio of 177% and Centre liquidity of £2.2 billion. The company's confident outlook includes maintaining profitability in General Insurance and Wealth, with a focus on strong growth momentum and meeting operating profit ambitions. The guidance for shareholder distributions remains unchanged, with an increased interim dividend for 2025 and a commitment to reintroduce regular and sustainable returns of capital from 2026 onwards.
