Aviva share price: Full-year operating profit rises 12 percent

on Mar 9, 2017
Updated: Oct 21, 2019
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Aviva (LON:AV) has updated investors on its full-year performance this morning.

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**Highlights from the company statement:**
Mark Wilson, Group Chief Executive Officer, said:
“Aviva’s results are simple and clear cut: more operating profit, more capital, more cash, more dividend. And there is more to come.
Aviva’s financial position has been transformed and a distinctly stronger balance sheet and excess capital give Aviva more options. We are now actively planning a capital return to our shareholders and debt reduction in 2017 and will invest further to grow our businesses.

The numbers speak for themselves. Fund management delivered a breakout year with strong positive net flows and operating profit up 30%. General insurance is growing, with operating profit up 17%1, and in UK Digital we have doubled online registrations to five million. We are becoming a digital disruptor for the benefit of our customers.
In 2016 we made strong progress on our commitments of cash flow and growth. Reflecting these results, we are increasing the total dividend per share by 12% to 23.3p.”

**Outlook**

In 2016, we have simply done what we said we would; delivering growth and strengthening our balance sheet. Looking forward, we will remain focused on achieving our financial objectives: mid single digit annual growth in operating EPS; £7 billion of cumulative business unit remittances in 2016-18 inclusive; and an increase in the dividend payout ratio to 50% by the end of 2017.
**More to follow…**
As of 07:11 GMT, Thursday, 09 March, Aviva plc share price is 513.74p.

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