Aviva Sets Mid-Single Digit IFRS Operating Profit Growth Target
July 06 2016 - 2:44AM
Dow Jones News
By Ian Walker
LONDON--Insurer Aviva PLC (AV.LN) on Wednesday set out a target
to grow IFRS operating profit by a 'mid-single digit' in the medium
term and said it plans to pay 50% of operating earnings per share
in 2017.
In a statement ahead of its capital markets day for investors
and analysts, Aviva added that although it is too early to quantify
the precise impact of Brexit, it is confident the company can
continue to grow.
"Aviva's fundamentals are sound. Our balance sheet is strong and
resilient and we are a simpler, focused group with excellent
franchises," Chief Executive Mark Wilson said.
"The U.K. is an attractive market, and Aviva has excellent
franchises and an unrivalled brand. As the U.K.'s leading composite
insurer, Aviva has advantages in terms of cost, capital and
customer engagement. We expect the U.K. to deliver cash-flow and
growth for our shareholders," he added.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
July 06, 2016 02:29 ET (06:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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