Aviva shares spark as profit jumps 22% on price hikes, wealth inflows.
Shares in Aviva jumped to their highest level since 2007 as the UK insurer posted a 22% rise in half-year operating profit on the back of price hikes and growth in premium income.
Source: Sharecast
The company posted an operating profit of £1.07bn for the six-months to June 30. UK & Ireland general insurance premiums rose 9% to £4.14bn, while the wealth business saw net flows increase by 16% to £5.8bn.
The interim dividend was lifted 10% to 13.1p. Aviva’s share price jumped 4% - its highest level since the banking industry caused the global financial crisis.
Aviva said it would provide more details on the impact of its £3.7bn takeover of rival Direct Line in November.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.