Aviva : Shareholder update - October 2022. Amanda Blanc, Group Chief Executive Officer, said: "In light of our confidence in the strength of the business and underlying cash flows, the Board has declared a 5% increase in the interim dividend to 7.35 pence per share.". The climate crisis is one of the greatest and most urgent threats facing our planet. The way well do this, is that, subject to shareholder approval, every ordinary shareholder will receive one temporary share, known as a B Share, for each Aviva ordinary share they hold. 33.4p. At the 2018 Annual General Meeting, shareholders approved changes to our Articles of Association allowing the implementation of a share forfeiture programme. Data from investis. Please enable your browser JavaScript to view the video. But we're living up to our purpose of 'with you today, for a better tomorrow' and have launched new, low cost, insurance products and are increasing the range and amount of . Last month we published our full year results for 2021 and our Annual report and accounts. * Source: Voice of Aviva study Q322, up from 82% Q321. With big investment comes big responsibility. Its now time to go further and ensure weuse our brand to maximum effect todeliver our growth ambitions.. Sustainability is fundamental to our strategy and culture. We've relaunched our corporate website and we'd love to know what you think. How Bulk Purchase Annuities are helping to fund the green energy revolution. Aviva plc and GA plc preference shares will not be impacted by the B Shares Scheme or Consolidation. We therefore want to be as efficient as possible in looking after your needs and avoid unnecessary printing and postage. Share price data delayed by 15 minutes. Us too. The illustrative share consolidation referenced in this announcement refers to a ratio of 75 for 100. In the space of a few months, we have had two new Prime Ministers and three new Chancellors, and the cost-of-living crisis continues to bite. Aviva today announces it has completed a 13 million bulk purchase annuity full buy-out transaction with the trustees of the Musicians Union Permanent Officials and Staff Pension Fund. Information and downloads for latest and past shareholder meetings. Amanda Blanc, Group Chief Executive Officer, said: We made very good progress in the first quarter. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. More about our customers, people and history. Welcome to another of our regular updates. New Aviva programme invests $3 million for EV chargers in under-served communities. We have big ambitions at Avivato become the UKs go-to consumer brand. It has been a time of great political and economic upheaval since I last wrote to you all in the summer. Here you will find information regarding your new Aviva shares such as details of dividend payments, information on how to elect to receive electronic communications, relevant contact details andFrequently Asked Questions. Our sustainability ambition is focussed on three core areas. Once the scheme has been approved at the general meeting in May, as a shareholder, you dont need to do anything. Engaging with us online helps us give you a better service. We remain on track to deliver on our strategic priorities and by serving our customers well we are confident in our previously stated guidance on future dividends and return of capital. For more details -. Were the first major insurer worldwide to target Net Zero carbon by 2040. Discover what guides our business and behaviours. 34.9p. Aviva would like to announce that from November 2017, we will only pay cash dividends directly to a nominated bank account. Information and downloads for latest and past shareholder meetings. We remain confident in the outlook for Aviva. To read Avivas response to the result of the UK Referendum on EU membership, please read the recent news release. Full details of the B share scheme (including mechanics, eligibility, consolidation ratio and proceeds) will be set out in a shareholder circular, which will be made available on or around 4 April 2022. We strongly advise you to only deal with financial services firms that are authorised by us, and check the Register to ensure they are. Aviva enters growing offshore wind insurance market. Capital returns would be sustainable and regular, Blanc told a media call, adding that Aviva also had scope for "bolt-on" acquisitions, following its purchase of Succession Wealth earlier this year for 385 million pounds. Aviva shareholder return explainer please. Download the shareholder update (PDF 237 KB) If you would like to be notified when the next shareholder update is available on our website, you will need to register to receive electronic communications. Access regulatory, governance and risk information. The information in the Circular should only be accessed if you accept the terms of the disclaimer which can be accessed using the link below. Car insurer Admiral also reversed 7% or 153p to 2119p and Aviva fell 18.4p to 440p. Since the one-year TSR is better than the five-year TSR (the latter coming in at 4% per year), it would seem that the stock's performance has improved in recent times. We look forward to providing details on substantial capital returns to shareholders as we make progress with the completion of the divestments. Data from investis. The dividends paid per share over the past 12 months (interim plus final) as a percentage of the share price. Monday, January 16, 2023 - 1:06 pm. Dividend guidance and outlook for capital returns unchanged. I appreciated the opportunity to take your questions and report on progress against our strategy. This announcement has been issued by and is the sole responsibility of Aviva. This suggests a possible upside of 15.2% from the stock's current price. Data from investis. Information and downloads for latest and past shareholder meetings. You will see below that our trading update for the first quarter of the year points to good momentum, giving us confidence about the months ahead, but we are under no illusion that the journey is complete, and the external environment continues to be uncertain. Youll need this to access your shareholder benefits. Aviva's response to UK Referendum on EU membership. LONDON (Reuters) -Aviva may be able to give more cash back to shareholders, its chief executive said on Wednesday, as the British insurer reported a 5% increase in general insurance sales in the first quarter and said its capital position was strong. Look behind the logo and learn about the people who make Aviva what it is. 2024. Insurance giant Aviva is flush with cash and it doesn't look as if management is planning to hold on to this money for long.. Only months after returning 4.75bn to shareholders by way of a . Despite the challenging environment, Aviva continues to perform strongly. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 0.49 and a beta of 1.45. The B share scheme is an efficient and quick way to return capital to ordinary shareholders. Hello and welcome to the Aviva Shareholder services section of the Aviva website. In this section you can find all the information and contact details you need to manage your shares. Wed also encourage you to vote at the General Meeting, when ordinary shareholders are asked to approve the plan. Search our news releases and research reports. The information contained in this announcement is for background purposes only and does not purport to be full or complete. As an illustrative example, following the capital return and Share Consolidation, a Shareholder with a holding of 100 ordinary shares at the Record Time would receive cash of 100 via the B share scheme, and would have a remaining holding in Aviva of 75 shares. By Lucy White For The Daily Mail. Aviva is returning 4.75bn to shareholders and has beefed up its cash generation and dividend guidance as part of chief executive Amanda Blanc's vision for a "simpler, leaner" business . Quilter (QLT.L) on Wednesday reported a 12% drop in assets under management and administration. What it does: Aviva is the UK's leading insurance, wealth and retirement business. The calculation will be based on the B share redemption and share consolidation as outlined in the Circular. The second way were returning excess capital to our shareholders is by giving 3.75bn to ordinary shareholders through a B share scheme. We believe everyone at Aviva should be able to be themselves. Sustainability is fundamental to our strategy and culture. Our memberships, awards and accreditations, Embedding sustainability throughout our business, Download our Modern Slavery Statement PDF, * Share price delayed by 15 mins. Aviva plc (Aviva or the Group) has released presentation slides and a video on its website, providing an update on the implementation of IFRS 17 and how this will apply to the Group. The following day, Blanc, who has held a number of senior roles in insurance over 30 years, warned that . Aviva ranked #1 for the insurance industry in the World Benchmarking Alliances 2022 Financial System Benchmark and #2 out of all assessed financial institutions, Launched standalone cover for electric vehicle charging points following demand from customers, Aviva Investors is investing 110m supporting Connected Kerbs plans to deliver 190,000 on-street EV chargers by 2030, Won PWC Building Public Trust Award (13/10/22) for best Climate Change Report in the FTSE350 (two years in a row), Donated 5m to Nature Trustwith aim of planting more than 1m native trees (Ireland), Canada wrote its first two Renewable Infrastructure policies in Q3 2022, 88% of Aviva employees believe Aviva is a good corporate citizen*. Cevian has said Aviva has room to make larger dividend payments in future. Young drivers can earn e-vouchers and discounts on their premiums with the launch of Quotemehappy Connect, a new app-based car insurance proposition which rewards safe driving. Discover our people, diversity and follow us on social media. After this Share Consolidation, as an ordinary shareholder, youll see your number of shares reduce, but youll still own the same percentage of Aviva as you did before. Through our recently announced three-year partnership, we are advocating to realign the finance sector to a 1.5 degree pathway; working with communities in the UK and Canada to build healthier and more resilient ecosystems that help reduce the risk of climate-related natural disasters; and engaging millions of people to understand the power of their individual choices in contributing to a sustainable future. Our purpose and strategy - and what to expect if you join us. Despite the challenging environment, Aviva continues to . Sustainability is fundamental to our strategy and culture. In particular, and subject to your approval, we're delivering on our commitment to you, announcing . 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