AVVIY Aviva PLC (PK)

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)

Grafico Azioni Aviva (PK) (USOTC:AVVIY)
Storico
Da Dic 2024 a Gen 2025

Grafico Azioni Aviva (PK) (USOTC:AVVIY)
Storico
Da Gen 2024 a Gen 2025