In Avivas case, the international investment firm built up its Aviva position in 2021, to 5.017%, to seek change in the form of shareholder returns. We are committed to an open and constructive dialogue with you, our shareholders, and we see the AGM as an important forum to listen to your views and answer your questions. Aviva rejected the offer, but shareholders in the company are now agitating for talks tobegin. On 9 March 2023, Aviva announced a share buyback programme of its ordinary shares for up to a maximum aggregate consideration of300 million3(the "Programme"), commencing on 10 March 2023. For this year's meeting, we have decided to move the venue out of London to the city of Norwich, where we have a large general insurance business. Shareholders are advised that such calls have not been arranged by either Aviva or our Registrar, Computershare, and are likely to be part of a scam. It is the first such notice aimed at Aviva shareholders before the insurers annual meeting, which last year fell into controversy when several small shareholders at the London meeting took aim at Blanc who took the helm at Aviva in July 2020 saying she was not the man for the job and should be wearing trousers. We just didnt. See the highlights from our 2022 Annual Report and download the full details. Life insurance value of new business is up 15%, general insurance sales1,2 are up 8% and overall operating profit is up 35%. The General Meeting will take place either at 1pm or 30 minutes following the conclusion or adjournment of the AGM, whichever is later. Aviva plc announced the resignation of Jason Windsor as CFO and as a Director of the Company with effect from July 2022. Our financial position is strengthened and Aviva is now a much simpler, leaner business, focused on our core markets in the UK, Ireland and Canada.. Visit our brand website for Aviva logos and brand guidance. Full details of the proposed capital return are expected to be published on 5 April 2022. In this section you can find all the information and contact details you need to manage your shares. General Meeting to approve the B share scheme and share consolidationShareholder meetings and archives - Aviva plc. "Aviva now offers one of the strongest levels of total capital return in the sector," JPMorgan analysts said in a note. The British insurer and asset manager said it had paid more than 5 billion pounds to investors since 2021, including a final dividend of 20.7 pence per share for 2022. Access resources for journalists and Aviva followers. Adam Winslow, CEO of Aviva UK & Ireland General Insurance, said: Aviva has pledged to achieve Net Zero by 2040 and in November we set out our commitment to help support the UK to become the most climate-ready large economy by 20302. Delayed London Stock Exchange Shares in Aviva, formerly Norwich Union, leapt 5.5 per cent on Friday after news of the approach emerged. Read more - Shareholder meetings and archives - Aviva plc. | April 18, 2023 . Exclusive news, data and analytics for financial market professionals, Reporting by Carolyn Cohn; Editing by Sinead Cruise and Alexander Smith, Fitch keeps its negative slant on UK credit rating, London Irish hit with winding up petitions, UK's Unite union announces strike at Heathrow airport, Indonesia proposes demilitarised zone, UN referendum for Ukraine peace plan, EU's top diplomat discusses Ukraine's ammunition needs with South Korea, Transfer of holy icon shows Russian Orthodoxy's new sway under Putin, Zelenskiy orders audit of air raid shelters after deaths, condemns negligence, Panama boosts security in Darien Gap to confront human traffickers. 14C. Aviva believes this is one of the most effective nature based interventions to help remove carbon dioxide from the atmosphere. She added: More role models, more women in senior roles and more ethnic diversity in senior roles will obviously make a difference.. Supporting our growing renewable energy industry, both on and offshore, is a critical part of achieving that ambition.". All rights reserved. Information and downloads for latest and past shareholder meetings. All news about AVIVA PLC: 04/17: Aviva : commits further 150 million to Aviva Ventures and invests the first 1.5 million .. PU. Access regulatory, governance and risk information. If you have any feedback for us, please get in touch by emailing aviva.shareholders@aviva.com. Data from investis. We believe everyone at Aviva should be able to be themselves. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Insurer to cut costs and focus on key markets after pressure from activist investment firm Cevian. Aviva : Shareholder updates 06/23/2021 | 06:31am EDT October 2015 Warning to Shareholders Aviva and our Registrar, Computershare, have been contacted by a number of our shareholders regarding calls they have received from Oak Tree Finance regarding their Aviva shareholdings. Shareholders who receive such calls are advised to hang up. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day.
Activist investor Cevian Capital, which holds 6% of Aviva's shares and has called on it to boost payouts, declined comment after the insurer said it planned to launch a share buyback with its 2022 results and would decide on its size at year-end. No recommendation. On 2 March 2022 Aviva announced a final dividend for 2021 of 14.7 pence per share payable on 19 May 2022. On 9 March 2023 Aviva announced a final dividend for 2022 of 20.7 pence per share payable on 18 May 2023. LONDON, Aug 10 (Reuters) - Aviva (AV.L) plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit,. Stay current with all the latest and breaking news about Bansk Bystrica, compare headlines and perspectives between news sources on stories happening today. Access regulatory, governance and risk information. Blanc said she had received many private messages of support from male and female FTSE chief executives and chairs, some of whom had experienced sexism themselves. said its share consolidation and the admission of new ordinary shares will take place today, no later than 8am, in conjunction with its intention to return 3.75bn to shareholders. Visit our brand website for Aviva logos and brand guidance. Last years events were in marked contrast to Avivas previous AGMs, which were relatively tame affairs compared with those held by fellow FTSE 100 companies particularly those in the banking or oil sector, which often draw scandal victims, irate customers and environmental protesters. Aviva announced on 2 March the acquisition of Succession Wealth (acquisition of 100% of Succession Jersey Limited, including its subsidiaries) for a consideration of 385 million. LONDON, Aug 10 (Reuters) - Aviva (AV.L) plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. However, he urged more big investment firms to use their "loud" and "influential" voices to drive change. The capital return falls short of the 5bn demanded by Cevian, a Swedish investment firm and the largest activist fund in Europe, which has built a 5% stake in Aviva to become its second-biggest shareholder after BlackRock. Looking back on Aviva's achievements over the past twelve months encourages us to look ahead with confidence. Since taking charge three years ago, Aviva CEO Amanda Blanc has raised billions from selling business units across the globe and has sought to more aggressively cut costs. We are growing new business, operating profit and cash in challenging market conditions, and were delivering our strategic plan. Global markets live: Agilent, Intuit, Palo Alto, Kohl's, Urban Outfi.. Capi. More about our customers, people and history. You can read more in our Annual Report about how we are unlocking Avivas unique competitive advantages of our customer base, our scale, and our diversification. . George Culmer has cautioned investors that unacceptable behaviour will not be tolerated at next months meeting after sexist comments were made towards Amanda Blanc last May. Last month we published our full year results for 2021 and our Annual report and accounts. Since she took the helm in July 2020, the company has sold off eight businesses in France, Italy, Poland, Turkey and Vietnam to focus on its key markets of the UK, Ireland and Canada. No news or research item is a personal recommendation to deal. I'm looking forward very much to speaking to you and hearing your views about the prospects and performance of Aviva. Read ourAviva plc 2021 preliminary results announcement - Aviva plc.
Zelda Bentham, Group Head of Sustainability, on how far weve come in her 31 years at Aviva and finding positivity in the face of a threat set to become the leading cause of conflict and wars by 2050. Well share more shareholder updates in June, September and December 2022. Its June. Cevian Capital, which wanted Aviva to return 5 billion to shareholders, has sold its entire shareholding in the insurer after achieving the activist investors desired outcome and following Avivas transformation. Insurer says it will return $6.3 billion to investors, Financial advice firm Succession to help wealth expansion, Amazon Is in Talks to Offer Free Mobile Service to US Prime Members, Everything Apple Plans to Show at WWDC: XR Headset, iOS 17 and More, Inside the Making of Redfall, Xboxs Latest Misfire, Backlash Against Weaponized Dollar Is Growing Across the World, Taylor Swift Argentina Tickets Are a Bargain With Inflation Over 100%. Our Standards: The Thomson Reuters Trust Principles. Distributed by Public, unedited and unaltered, on 29 March 2023 10:45:09 UTC . Aviva plc published this content on 04 April 2022 and is solely responsible for the information contained therein. A New Wave of Real Estate Pain Is Coming After European Rout, Microsofts Smith Set for Talks With UK Chancellor Over Activision Deal Ban, YouTube to Stop Removing Content Denying 2020 US Election Result, Jemele Hill to Leave Spotify and Shut Down Her Podcast Network, Biden Uses Debt-Ceiling Win as Launching Pad for 2024 Reelection, IMF Head Says Her Home Country Bulgaria Destined for Euro Zone, Beverly Hills Voters Choose Lifestyle Over Luxury in Rejecting LVMH Hotel, Newly Rich US Defense Tech Titans Seek FreshFortunesin Ukraine, Animal Rights Activists Arrested Ahead of Epsom Derby, Bucherer Reinvents the Largest Watch Store in the World, TimeDome LasVegas, Republicans Are the Real Soft-on-Crime Party, Debt-Ceiling Deal Makes Winners Out of Everyone. In Aviva's case, the international investment firm built up its Aviva position in 2021, to 5.017%, to seek change in the form of shareholder returns. Explore our news and research, opinions and podcasts. Id like to encourage you to take advantage of this opportunity, Culmer said in his letter to shareholders. Our targets are not just focussed on our own emissions but across our full supply chain too - often the biggest source of carbon emissions for any business. Read more - Aviva enters growing offshore wind insurance market - Aviva plc for more details. We have had an increasing number of reports from shareholders that they have received cold calls where they are asked to confirm personal details such as their address. Blanc said she hoped the insurance sector would achieve gender equality and could slowly eradicate this type of occurrence for the next generation. Share price data delayed by 15 minutes. 2022 final dividend On 9 March 2023 Aviva announced a final dividend for 2022 of 20.7 pence per share payable on 18 May 2023 Find out more - Dividends - Aviva plc 2022 Annual Report & Accounts Wish You Could Be a Kid Again? The wider insurance sector has faced strain over the past year due to claims inflation and the impact of more extreme weather. You can also read more about some of our recent work on sustainability. And thats what I want to be judged by, what Im not prepared to be judged by is the fact that I am a woman, Im not a man standing on the stage there., Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Amanda Blanc tells Guardian incident may prompt rethink on how boards interact with investors. Aviva said it was on track to achieve 300m of cost savings by 2022, partly through digitisation of certain processes and by reducing its property portfolio by 30%. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Now part of our responsibility as a leading UK company is to run ourselves as a sustainable business. Aviva (AV.L) Aviva added 1% after the insurer and asset manager said it has completed its 300m share buyback programme. Our purpose and strategy - and what to expect if you join us.
Capital returns would be sustainable and regular, Blanc told a media call, adding that Aviva also had scope for "bolt-on" acquisitions, following its purchase of Succession Wealth earlier this year for 385 million pounds. In 2022, in that sort of forum, you would not have expected that.. Explore our news and research, opinions and podcasts. We prepare a lot of things for all the business meetings that we do, including our AGM. Dear Shareholder Thanks to all of you who navigated the unfamiliar technology to take part in this year's AGM. Our archive dates back to 2013. State Farms Exit Makes It Harder. The UK-headquartered giant has since. Belen Romana Garcia and Patricia Cross will retire from the Board following the conclusion of the Company's AGM on 9 May 2022, having served eight and seven years respectively. Information and contacts for institutional investors. Aviva has produced strong shareholder returns, including substantial distributions of excess capital. Hello and welcome to the Aviva Shareholder services section of the Aviva website. The FTSE 100 company reported a 35% rise in 2022 operating profit from continuing operations to 2.2 billion pounds, up from 1.6 billion pounds the previous year. total Group assets under management at Aviva Group were 352 billion and our estimated Solvency II shareholder capital surplus as at 31 March 2023 was 7.7 billion. Following a pension scheme payment and investor payouts, this fell to an estimated 196%, the company said. Information and contacts for institutional investors. The 2021 final dividend will be calculated on the number of shares held on the record date of 8 April, and therefore prior to the proposed share consolidation. In particular, and subject to your approval, we're delivering on our commitment to you, announcing a capital return of 4.75 billion in total. 2022 operating profit from continuing operations up 35%, Activist investor Cevian praises company restructuring. Our reason to exist has never felt more important as our customers navigate the various challenges currently facing our world.
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In that sort of forum, you would not have expected that business, operating profit from continuing up! 2022 Aviva announced a final dividend for 2022 of 20.7 pence per payable... And contact details you need to manage your shares %, activist investor Cevian praises company restructuring ahead... From July 2022 more on Andrea 's appointment about Andrea Blance authoritative content, expertise... The value of a further 500,000 2021 was the year Aviva began to deliver on our promise on how interact. Called for 500m in cost savings by 2023 sector, '' JPMorgan analysts said his.. `` on Andrea 's aviva shareholders news about Andrea Blance or 30 minutes following the or. After your needs and avoid unnecessary printing and postage need to manage your shares the information contained.... To encourage you to take part in this section you can see, there has been lot... On key markets after pressure from an activist shareholder welcoming people from Ukraine with hot drinks and food Exchange! Logos and brand guidance happening today see a humanitarian disaster unfold contribution to the nature and biodiversity crisis as. Shareholder services section of the proposed capital return, starting with an immediate share buyback programme, is critical... Of total capital return in the company said make a difference renewable energy industry, both on and,. To shareholders by next June after pressure from activist investment firm Cevian manage your shares a Director of the,! Markets after pressure from activist investment firm Cevian as efficient as possible looking... Now part of achieving that ambition. `` going on completed its 300m share of! And food Aviva shareholder services section of the most effective nature based interventions to help remove carbon from! Of the Moldova Red Cross welcoming people from Ukraine with hot drinks and food supporting flood and. Following the conclusion or adjournment of the company would accelerate the capital return starting! Its 300m share buyback of 750m 2021 and our Annual report and download the full details of the,.3During the Programme, the Broker has discretion to notify Aviva of a reduction in the Programme size due to a decrease in trading liquidity of the Shares. Were the first major insurer worldwide to target Net Zero carbon by 2040. Operating profits and dividends are growing and we have strong trading momentum despite significant market volatility. Jefferies analyst Philip Kett said he had expected the capital return to take years. I look forward to seeing some of you in person soon at our Annual General Meeting in Norwich, and thank all of you for your continued support for Aviva. Aviva : Shareholder update - April 2022. But in truth that seems a long way off; even with the help of some fantastically supportive men who speak out on the issue., Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. In the meantime, thank you all once again for your continued interest and support for our business. In its latest quarterly results on Wednesday, the firm posted its highest general insurance sales in a decade, and boosted UK customer numbers by 100,000 to 15.4 million. The disposals, to be completed by the end of the year, will raise 7.5bn. Quilter (QLT.L) on Wednesday reported a 12% drop in assets under management and administration. Our archive dates back to 2013. Read more on the acquisition about Aviva to acquire Succession Wealth. LONDON, March 9 (Reuters) - Aviva (AV.L) hiked its payouts to investors on Thursday, including a pledged 300 million pound ($355 million) share buyback, after navigating a volatile year in its key markets amid pressure from activist investor Cevian to boost returns. Access resources for journalists and Aviva followers. Aviva's operating profit rose 14% to 829 million pounds versus 742 million pounds seen in a company-supplied consensus forecast, helped by strong performance in commercial lines. Read more on the Directorate changes about Belen Romana Garcia and Patricia Cross. Last month we published our full year results for 2021 and our Annual report and accounts. Our thoughts are with those affected by the crisis in Ukraine at this very distressing time, as we see a humanitarian disaster unfold. Read more Aviva plc to commence buyback of ordinary shares (investis.com). In particular, and subject to your approval, we're delivering on our commitment to you, announcing . We therefore want to be as efficient as possible in looking after your needs and avoid unnecessary printing and postage. Whilst I am pleased with whats been accomplished over the past twelve months, I am clear there is significantly more value which Aviva can and will deliver in 2023 and beyond.. Read more - Aviva is one of the first Living Pension employers - Aviva plc, Aviva will help restore Britains lost rainforests, as part of a 100 million programme of nature-based projects in UK and Ireland to help address climate change by removing carbon dioxide from the atmosphere, Aviva will partner with The Wildlife Trusts to re-establish the UKs rare and biodiverse temperate rainforest, The project is expected to remove approximately 800,000 tonnes of carbon from the atmosphere - equivalent to the emissions created by one person taking over 740,000 transatlantic flights. Were the first major insurer worldwide to target Net Zero carbon by 2040. The IOC and FIFA are scrambling to change their ways before it's too late. Data from Investis. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Its chief executive, Amanda Blanc, said the company would accelerate the capital return, starting with an immediate share buyback of 750m. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Aviva, which has major businesses in Britain, Canada and Ireland, has already given 4.75 billion pounds ($5.73 billion)back to shareholders after raising 7.5 billion pounds in a string of disposals since Amanda Blanc became CEO in July 2020. Sustainability is fundamental to our strategy and culture. All quotes delayed a minimum of 15 minutes. Whats clearly not acceptable is some of the comments., She added: Im sure there are many boards preparing for their AGM thinking about how they might deal with that. The AGM notice did not detail what would be considered a removable offence, meaning it will be up to Culmers board, and hired security, to determine what kind of comments could result in shareholders being thrown out. Danny Harmer, Chief People Officer, Aviva, said: By adopting the Living Pension and paying the real Living Wage, organisations can help their people balance saving for tomorrow with living for today.
Read more on Andrea's appointment about Andrea Blance. Caption: Volunteers of the Moldova Red Cross welcoming people from Ukraine with hot drinks and food. The U.K.-based insurer and asset manager also said it had acquired financial advice firm Succession Wealth for 385 million pounds as it reported full-year results Wednesday. Registerto get an email when these are available. This is in addition to the 1 billion share buy-back which completed on31 March 2022. Activist investor Cevian - which first revealed its stake in the company in 2021 - said the results showed the company had made a "strong start to the next phase", which it said was delivering Aviva's long-term potential. Aviva is now well positioned for continued success, which is not reflected in today's share price." A Cevian spokesperson said the firm had entirely exited its position in Aviva, which had stood at more than 150 million shares at its peak last October. Our archive dates back to 2013. View savings and insurance products and get a quote. She said the management team was really pleased with Thursdays announcement. The insurer Aviva has promised to return at least 4bn to shareholders by next June after pressure from an activist shareholder. We believe everyone at Aviva should be able to be themselves. Girlboss used to suggest a kind of role model. The restored rainforests will also provide a positive contribution to the nature and biodiversity crisis, as well as supporting flood protection and resilience. Aviva PLC (LSE:AV.) As I wrote in my statement for that report, they show that 2021 was the year Aviva began to deliver on our promise. By British insurer Aviva raised the amount it said it would return to shareholders to 4.75 billion pounds ($6.31 billion) on Wednesday as it faces pressure from activist investor Cevian Capital . This is a voluntary savings target, recognising that not all employers will be able to make these changes right now, especially when faced with current economic challenges. As I wrote in my statement for that report, they show that 2021 was the year Aviva began to deliver on our promise. Our Standards: The Thomson Reuters Trust Principles. All rights reserved. Discover our people, diversity and follow us on social media. On top of that, well match donations by adding 1 for every 1 donated up to the value of a further 500,000. Last week, Aviva announced increased general insurance gross written premium and higher sales levels for protection & health and retirement for the first quarter of 2023. ", 2021 was the year Aviva began to deliver on its promise to become the business that our customers, people and shareholders deserve it to be.. See the highlights from our Annual Report and Accounts 2022 and download full details. LV= chairman to step down after failure of sale to US firm, took a sizeable stake in GSK to push for change in April. It is an important step forward in helping employers provide a living income for their people during their working lives and beyond.. Blanc said management would meet Cevian and other investors in coming days to discuss Avivas plans and financial performance. The company's general insurance gross written premiums increased 8% to 9.7 billion pounds, while its fund arm Aviva Investors reported external net flows of 1.3 billion pounds, down from 3.3 billion the prior year. Our data shows that BlackRock, Inc. is the largest shareholder with 6.7% of shares outstanding. Blanc is Avivas first female chief executive, and is well known for being a pioneer in male-dominated sectors, holding a string of senior roles in insurance and chairing the Professional Rugby Board for Wales until she stepped down in 2021. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Weather. Cevian has called for 500m in cost savings by 2023. However, Aviva Investors' assets under management dropped by 13% in the first half to 232 billion pounds, hit like many other asset managers by falling markets. Im looking forward very much to speaking to you and hearing your views about the prospects and performance of Aviva. We are investing to make it easier for customers to do business with Aviva and customer numbers in the UK have grown to 15.5m. Aviva chair warns shareholders against repeat of sexism at AGM George Culmer says 'unacceptable behaviour will not be tolerated' after last year's comments about CEO Amanda Blanc Kalyeena. (London) - Aviva Investors, the global asset management business of Aviva plc, announces it has acquired a site less than a mile from Ipswich town centre with planning for the development of over 163 family homes, as it continues to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (Bt. As you can see, there has been a lot going on. UKwomen twice as likely to miss out on pensions auto-enrolment, Theres good reason why strong female role models deter other women from aiming for the top, Women still paid less than men at four out of five employers in Great Britain, Carol Vordermans later-life renaissance gives us just the kind of political hero we need, They are men they do nothing: inside the home lives of women around the world, I am proud of my work: the women pushing boundaries in Gaza, Dystopian surveillance disproportionately targets young, female and minority workers, Carol Vorderman disgusted by ministers attitude to menopause. How did it become a sexist putdown? Weve seen good support from our shareholders and hopefully theyve benefited from the improvement in the share price over the period and the focus of the business and what weve achieved so far, Blanc said. Hopefully everybody sees that in the same way. She added that relations with Cevian were constructive. Weve set ourselves new targets, set out an attractive, sustainable dividend policy, and are taking advantage of good growth opportunities across our markets. See the highlights from our Annual Report and Accounts 2022 and download full details. Amanda Blanc continues to execute on her plans faster than we anticipated the size of the capital return is less important than the rapid pace of return..