Group structure

Notes

Aviva is the world's fifth largest* insurance group and the largest insurance services provider in the UK. We are one of the leading providers of life and pension products in Europe and are actively growing our long-term savings businesses in Asia Pacific and the USA. Our main activities are long-term savings, fund management and general insurance**.

We have premium income and investment sales of £49.2 billion and £364 billion of funds under management. We have 57,000 employees serving around 45 million customers.

On 28 February we announced the launch of Aviva Investors, our global asset management operation. For 2007, total investment sales of £6,983 million (2006: £4,910 million) and total fund management operating profit on an IFRS basis of £155 million (2006: £155 million) are reported in the regional split below.

  • UKmore details

    Total sales
    £20,302m
    (2006: £19,601m)
    PVNBP† £11,655m
    Investment sales £2,751m
    Net written premiums £5,896m
      £20,302m

     

    EEV operating profit
    £1,330m
    (2006: £1,936m)
    Long-term savings £864m
    Fund management £41m
    General insurance £433m
    Other operations £(8)m
      £1,330m
    IFRS operating profit
    £1,225m
    (2006: £1,853m)

     

    Employees and locations
    33,686
    (2006: 33,251)
    Our life and general insurance businesses are based in York and Norwich respectively, with operations in over 35 UK locations. We also have overseas operations in India and Sri Lanka
    Morley our fund management business is based in the UK and has offices spread across the globe

    Major operating brands

    Norwich Union logo
    RAC logo
    Morley logo
    Norwich Union Direct logo

    Norwich Union is a market leader in the UK long-term savings market

    Norwich Union Insurance is the leading general insurer in the UK and we also provide a wide range of motoring services through the RAC

    Morley is one of the UK's largest active fund managers and the largest fund management business in the Aviva group

    Read the full region overview

  • Europemore details

    Total sales
    £19,719m
    (2006: £17,018m)
    PVNBP† £14,914m
    Investment sales £1,572m
    Net written premiums £3,233m
      £19,719m

     

    EEV operating profit
    £1,971m
    (2006: £1,581m)
    Long-term savings £1,543m
    Fund management £31m
    General insurance £442m
    Other operations £(45)m
      £1,971m
    IFRS operating profit
    £1,230m
    (2006: £1,083m)

     

    Employees and locations
    16,059
    (2006: 16,942)
    • Belgium‡
    • Czech Republic
    • France
    • Germany‡
    • Hungary
    • Italy
    • Ireland
    • Lithuania
    • Luxembourg‡
    • Netherlands
    • Poland
    • Romania
    • Russia
    • Spain
    • Turkey

    Major operating brands

    Aviva logo
    Commercial Union logo
    Delta Lloyd logo
    Hibernian logo

    Aviva has market leading presence across Europe in long-term savings and continues to lead the general insurance market in Ireland and the Netherlands. In addition we have a highly successful fund management business supporting the results in the region

    Read the full region overview

  • North Americamore details

    Total sales
    £5,014m
    (2006: £2,273m)
    PVNBP† £3,602m
    Net written premiums £1,412m
      £5,014m

     

    EEV operating profit
    £408m
    (2006: £183m)
    Long-term savings £255m
    Fund management £3m
    General insurance £154m
    Other operations £(4)m
      £408m
    IFRS operating profit
    £256m
    (2006: £164m)

     

    Employees and locations
    4,717
    (2006: 4,659)
    • Canada
    • United States

    Major operating brands

    Aviva logo

    Aviva USA ranks first and second in the indexed life and indexed annuity markets, respectively

    Aviva Canada is ranked second in the Canadian general insurance market

    Read the full region overview

  • Asia Pacificmore details

    Total sales
    £4,117m
    (2006: £2,572m)
    PVNBP† £1,429m
    Investment sales £2,660m
    Net written premiums £28m
      £4,117m

     

    EEV operating profit
    £97m
    (2006: £92m)
    Long-term savings £91m
    Fund management £15m
    General insurance £4m
    Other operations £(13)m
      £97m
    IFRS operating profit
    £37m
    (2006: £50m)

     

    Employees and locations
    2,052
    (2006: 1,784)
    • Australia
    • China
    • Hong Kong
    • India
    • South Korea#
    • Malaysia
    • Singapore
    • Sri Lanka
    • Taiwan

    Major operating brands

    Aviva logo

    In Singapore, we rank first in combined sales of long-term savings products, including unit trusts

    Australia: seventh in individual protection market and sixth in the platform market

    One of the fastest growing life insurers in Hong Kong

    Read the full region overview

* Based on gross worldwide premiums at 31 December 2006.
** Typically includes motor, household, creditor, health, commercial motor, commercial property and commercial liability insurance.
† Present value of new business premium (PVNBP) is equal to total single premium sales received in the year plus the discounted value of annual premiums expected to be received over the term of new contracts, and is expressed at the point of sale.
‡ Belgium, Germany and Luxembourg are reported as part of the Netherlands results.
# Aviva announced on 31 January 2008 that it is to enter the South Korean life insurance market by forming a consortium with Woori Finance Holdings Company Ltd.

Contribution to Group total sales

Contribution to Group total sales

42%

1: UK

40%

2: Europe

10%

3: North America

8%

4: Asia Pacific