Aviva reports record group protection sales as it sells off Italian business
The insurer reported operating profit of £3.16bn while its core business cash remittances rose marginally to £1.4bn.
The FTSE 100 company said it had delivered record sales in group protection as well as record sales of bulk purchase annuities. It also saw net flows in savings and retirement reach new highs.
“Our performance in 2020 demonstrates the resilience of our core businesses and our growth potential,” chief executive Amanda Blanc said.
The firm has also announced today a £800m debt tender offer as it looks to accelerate its debt reduction plans and lower debt by a total of £1.7bn in the first half of 2021.
Investegate |Aviva PLC Announcements | Aviva PLC: Aviva announces exit from Italy
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Aviva Announces Sale Of Remaining Italian Life And General Insurance Businesses For €873 Mln In Cash
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.