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Good performance of Aviva despite the new regulatory requirements

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Magazine Issue: 
Stability versus profitability, the hard equation of emerging insurance markets [3]
Magazine date: 
Mar 2017

Aviva closed the year 2016 with a net profit down by 22%. This decline is due to the new method of calculating bodily injury compensation which prompted the British group to provision 380 million GBP (467.5 million USD) in its accounts.

The new accounting method will come into effect on 20 March 2017. The operating income, which does not take into account provisions, increased, nevertheless, by 12% in 2016.

The solvency ratio of 189% exceeded the group's expectations . The company also announced an increase in the dividends paid to shareholders. These figures led to a 6.46% rise in the Aviva share price.

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Wed, 15/03/2017 - 09:35

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