What investors will see from Aviva
In summary, shareholders can expect the following:
- Increasing geographic focus - capitalising on our leading market positions in the UK and Europe, the world’s largest life and pensions market;
- Deepening our positions in eight European markets, to maximise the benefits of having life and general insurance under one roof;
- Focusing on marketing and distribution expertise, financial discipline, technical excellence and operational effectiveness;
- Benefitting from a powerful brand and growing customer franchise;
- Delivering outstanding cash and capital generation;
- Allocating capital rigorously driving profitable growth and a strong dividend.
Specifically, Aviva will deliver:
- £1.6 - £1.9 billion net operating capital generation;
- Life IRR of at least 12% with payback of 10 years or less;
- 2012 general insurance COR of 97%;
- £400 million cost and efficiency savings by end 2012.
