Aviva Returns To Profit

LONDON - In a video interview published on cantos.com this morning, Aviva’s Chief Executive Andrew Moss said that Aviva reported a GBP747m bottom line profit for the first half of 2009. Another “major positive” cited by Moss is that the capital position of the Group has increased to a regulatory surplus of GBP3.2bn at the end of June up from GBP2bn at the year end.

The insurance group also announced a 31% cut in the dividend which Moss described as a “tough decision” but said it should be looked at in a wider strategic context as “‘we are building strength in Aviva to make sure that we can exploit market opportunities which may arise in the coming years.”

Aviva also announced plans to sell down a minority in Dutch subsidiary Delta Lloyd when market conditions allow.

The interview and transcript are available now on w3.cantos.com/aviva.

There will also be a live analyst presentation outlining the results at 0845 BST with an on-demand replay available later today.

It’s free to view. All you need to do is register at www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email enquiries@cantos.com or phone +44-207-936-1333.

Source: Aviva

If you would like to contact us, please email enquiries at cantos.com or phone +44-207-936-1333.