A pedestrians walks past the Aviva logo outside the company head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawsonhiked its payouts to investors on Thursday, including a pledged 300 million pound share buyback, after navigating a volatile year in its key markets amid pressure from activist investor Cevian to boost returns.
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. The wider insurance sector has faced strain over the past year due to claims inflation and the impact of more extreme weather.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.
"Aviva now offers one of the strongest levels of total capital return in the sector," JPMorgan analysts said in a note.
Sure, this is easy when you rip the public off and refuse service without repercussion
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