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Aviva Completes Sale Of Its Shareholding In Aviva Vita

Aviva Completes Sale Of Its Shareholding In Aviva Vita LONDON (dpa-AFX) - Aviva PLC (AV.L, AV) has completed the sale of its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita, to its partner UBI Banca. The company received 453 million euros in cash consideration. The consideration included 40 million euros received for the replacement of a subordinated loan provided by Aviva Italia Holding S.p.A. to Aviva Vita. Aviva PLC noted that the previously announced sales of the company s remaining Italian Life insurance business and general insurance business are on track to complete in the second half of 2021.

Aviva PLC FY Adj Operating Profit Slightly Declines

LONDON (dpa-AFX) - Aviva PLC (AV.L, AV) reported IFRS profit for fiscal 2020 of 2.91 billion pounds, up 9% from prior year. Basic earnings per share was 70.2 pence compared to 63.8 pence. Core

Aviva reports record group protection sales as it sells off Italian business

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 |Aviva PLC Announcements | Aviva PLC: Aviva announces exit from Italy
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