Aviva plc (AV) Exceeds Growth Expectations, Announces 13% Dividend Raise
How the UK’s insurance giant Aviva PLC (LON:AV) keeps delivering profit growth — by getting the basics right, says CEO Mark Wilson. Aviva’s fourth consecutive year of operating profit growth comes with a big bonus for investors as the multi-line insurance giant raised dividends by 13%. “We are growing and investing in the UK… We have grown top line sales and bottom line profit in UK general insurance, pensions, annuities and protection… Our digital business continues to make progress, making insurance simpler and more convenient for customers”, added Mr Wilson, who has been instrumental in the transformation of Aviva from a bloated global enterprise operating in more than 30 countries to a growth-focused entity currently operating in 16 countries. 51-year-old Wilson took all the hard, mass layoffs, and strategic—largest deal (£6 billion acquisition of rival Friends Life Group) in the UK’s insurance industry—decisions to drive value for shareholders. And his success couldn’t have a better measure than the company’s market capitalization, which doubled since he took the reins as the CEO.