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Information Launch
Continued progress and buying and selling momentum throughout
Robust and resilient capital place, with capital retuto be accomplished by finish of Might
On observe to fulfill upgraded targets outlined at FY 2021
Wealth |
Annuities & Fairness |
|
|
Solvency II |
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Launch |
||||||||
£2.7bn |
£1.3bn |
£8.4bn |
£2.1bn |
192% |
||||
Internet flows, 7%1 of |
Gross sales2 +22% |
Gross sales2 +2% |
GWP +5% |
Professional forma3 cowl ratio |
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opening AuM |
||||||||
Q121: £2.9bn |
Q121: £1.0bn |
Q121: £8.3bn |
Q121: £2.0bn |
FY21: 186% |
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“First quarter buying and selling was optimistic, and our efficiency exhibits the clear good thing about Aviva’s enterprise combine throughout insurance coverage, wealth and retirement. We delivered wholesome gross sales numbers throughout all our main enterprise strains, with
“
“Now we have additionally continued our momentum in
“We stay very properly positioned to profit from the long run progress developments in our markets, and to fulfill our upgraded monetary targets. That is underpinned by our robust capital place which advantages from rising rates of interest. Our monetary energy and market management give us confidence that we will efficiently navigate the present unsure financial circumstances.”
Continued progress in Life gross sales2 and report
- UK&I Life gross sales of £8.4bn, up 2% (Q121: £8.3bn) with progress in Annuities & Fairness Launch and Safety & Well being partly offset by Wealth.
- Whole BPA gross sales in Q1 have been £843m, up 29%, with a wholesome pipeline weighted in direction of the second half of the 12 months.
- UK&I Life worth of latest enterprise (VNB) £144m, up 31%, and VNB margin of 1.7% (Q121: 1.3%), pushed by Annuities & Fairness
Launch VNB of £31m (Q121: £nil). Common Insurance coverage gross written premiums (GWP) up 5% in Q1 to £2.1bn, one other report. UK&I GI GWP up 3% to £1,347m and CanadianGI GWP up 10% to £753m.- GI mixed ratio (COR) of 96.4% (Q121: 90.6%) reflecting £70m price for the February storms in
UK GI and extra regular motor claims frequency.
1 Q1 internet flows annualised as a share of opening belongings underneath administration
- References to gross sales symbolize current worth of latest enterprise premiums (PVNBP) which is an Different Efficiency Measure (APM). Additional data could be discovered within the ‘Different data’ part of the Full 12 months 2021 Outcomes announcement.
3 Professional forma for additional debt discount of £500m over time and pension scheme cost, and after the influence of the acquisition of Succession Wealth. Precise Q1 Solvency II cowl ratio is 205% (FY21: 244%). * The monetary data for comparative durations on this buying and selling replace seek advice from persevering with operations solely.
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