Aviva: in demand after interim results
(CercleFinance.com) - Aviva shares are up 8% in London, even after the group reported a net loss of 633 million pounds for H1, largely due to adverse market movements, while managing to post 14% growth in operating profit to 829 million pounds.
The insurer announced general insurance gross written premiums that are up 6% to 4.69 billion pounds. Boasting a strong capital position, the UK group will offer an interim dividend per share of 10.3p (up from 7.35p a year earlier), in line with its 2022 dividend forecast.
Aviva also plans to launch a new share buyback program, subject to market conditions and regulatory approval, the size of which will be determined at the end of the financial year.
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