Overview

• Aviva’s first-half operating profit climbed 22% to £1.1bn, driven by strong performance in its wealth division and a 29% increase in general insurance operating profit.
• The insurer completed its £3.7bn acquisition of Direct Line on July 1, adding Churchill and Green Flag and expanding its UK customer base to more than 21 million.
• Aviva expects the takeover to raise the share of operating profit from capital-light businesses from 66% to over 70%, reflecting its pivot toward wealth, health and general insurance.
• The company raised its interim dividend by 10% to 13.1p per share, underscoring its commitment to disciplined cash returns alongside growth investments.
• The Competitions and Markets Authority cleared the merger after finding no substantial lessening of competition, clearing the way for swift integration.