Aviva half-year results: What did the analysts say?
- Credit: Nick Butcher
Insurance giant Aviva announced strong growth in its operating profit for the first half of 2017 and hiked its interim dividend by 13% to 8.4p.
But what did business analysts make of its performance?
Stronger than expected top line
Deutsche Bank First half results are modestly above expectations across the board, but what is particularly encouraging is that this has been achieved with fewer exceptionals and despite greater investment into the business.
- 1 Norfolk festival cancelled amid 'challenging year'
- 2 Roads closed as armed police and dog units swoop on Norwich home
- 3 Woman in her 50s who died in A11 crash named locally
- 4 Vicar at heart of bitter church row resigns
- 5 Lakeside proposal gone wrong watched by millions on TikTok
- 6 North Norfolk pub re-opens as a hotel
- 7 Princess Anne receives warm welcome at Royal Norfolk Show
- 8 Cannabis factory discovered in Norwich home after police raid
- 9 Traffic easing on first day of Royal Norfolk Show after earlier delays
- 10 Five-bed farmhouse with attached orchard and glamping site for sale
Two out of three
RBC Going into these results we identified three areas of growth: its asset management business, entry in to the larger-sized bulk annuity market, and a further buyback programme
Asset management earnings have grown 45%.
Bulk sales increased significantly to £320m from £64m in half one 2016.
Additional capital return - not in these results..
Building on track record of delivery
Bank of America Merrill Lynch Aviva's half-year 2017 results are another step in the right direction, in our view, with a solid update coming in slightly ahead of consensus. We reiterate our buy rating.