Contacts and helpful information for managing your shares. Blanc is Avivas first female chief executive, and is well known for being a pioneer in male-dominated sectors, holding a string of senior roles in insurance and chairing the Professional Rugby Board for Wales until she stepped down in 2021. UKwomen twice as likely to miss out on pensions auto-enrolment, Theres good reason why strong female role models deter other women from aiming for the top, Women still paid less than men at four out of five employers in Great Britain, Carol Vordermans later-life renaissance gives us just the kind of political hero we need, They are men they do nothing: inside the home lives of women around the world, I am proud of my work: the women pushing boundaries in Gaza, Dystopian surveillance disproportionately targets young, female and minority workers, Carol Vorderman disgusted by ministers attitude to menopause. Aviva chair George Culmer responded to the remarks, saying he was flabbergasted. Distributed by Public, unedited and unaltered, on 29 March 2023 10:45:09 UTC . A recent report by the Women in Finance initiative found that at the current rate, it will take until 2050 to reach gender parity at senior levels of Britains financial services industry. George Culmer has cautioned investors that unacceptable behaviour will not be tolerated at next months meeting after sexist comments were made towards Amanda Blanc last May. Return of capital to ordinary shareholders. Global markets live: Agilent, Intuit, Palo Alto, Kohl's, Urban Outfi.. Capi. Our core businesses in the UK, Ireland and Canada grew in 2022, and contributed to a very strong, all round performance. When Blanc took the helm at Aviva in July 2020, the share price was 273p; it has since risen to 417p. Information and contacts for institutional investors. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. And thats what I want to be judged by, what Im not prepared to be judged by is the fact that I am a woman, Im not a man standing on the stage there., Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Aviva has its own fund management arm . As a proud UK business, we want to celebrate our strong connections with communities around the country, as well as giving shareholders from different regions a better chance to attend in person. Amanda Blanc, Group Chief Executive Officer, said: "2021 was a year of significant strategic progress, right across Aviva. Full details of the proposed capital return are expected to be published on 5 April 2022. In 2022, in that sort of forum, you would not have expected that.. Smaller FTSE firms still failing on boardroom diversity, Shareholders urged to vote out Playtech chair over gender imbalance, Ladbrokes owner Entain appoints female chief executive, Germany agrees historic mandatory boardroom quota for women, City equal pay campaigner Helena Morrissey quits Legal & General, Imperial Brands' Alison Cooper steps down as CEO, She wrote on the networking site LinkedIn, it will take until 2050 to reach gender parity. Well share more shareholder updates in June, September and December 2022.
Aviva ( AV.L) shares ticked up Tuesday morning as the insurance company comes under pressure from top activist investment firm Cevian Capital to give 5bn ($7bn) in cash back to its. Following a pension scheme payment and investor payouts, this fell to an estimated 196%, the company said. Aviva Plc said it will return 4.75 billion pounds ($6.3 billion) to shareholders, and will invest half a billion pounds in growth and efficiency efforts in the coming year as it enters the next. Were the first major insurer worldwide to target Net Zero carbon by 2040. Delivering our strategy will allow us to continue to offer attractive and reliable dividends to our shareholders. All rights reserved. All investments . Life insurance value of new business is up 15%, general insurance sales1,2 are up 8% and overall operating profit is up 35%. Use the links below to find out about your dividends, managing your shares online, shareholder meetings and our quarterly shareholder update. Terry Gangcuangco. said its share consolidation and the admission of new ordinary shares will take place today, no later than 8am, in conjunction with its intention to return 3.75bn to shareholders. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Aviva rejected the offer, but shareholders in the company are now agitating for talks tobegin. Our financial position is strengthened and Aviva is now a much simpler, leaner business, focused on our core markets in the UK, Ireland and Canada.. ", 2021 was the year Aviva began to deliver on its promise to become the business that our customers, people and shareholders deserve it to be.. See here for a complete list of exchanges and delays. (modern), Avivas chief executive, Amanda Blanc, said the company would accelerate the capital return after the sale of eight businesses, Legal & General chief executive Nigel Wilson to retire, Insurers told to stop shortchanging UK drivers by undervaluing write-offs, Amazon to launch UK insurance comparison site, BoEpowers to oversee insurers may not offset risks posed by looser regulation, FCAurges insurers to treat customers fairly amid cost of living squeeze, UKfire and subsidence claims will rise due to extreme heat, says insurer, Direct Line issues profit warning as inflation drives up cost of claims, UKwoman told to pay extra home insurance to host Ukrainian family. Read more - Aviva is one of the first Living Pension employers - Aviva plc, Aviva will help restore Britains lost rainforests, as part of a 100 million programme of nature-based projects in UK and Ireland to help address climate change by removing carbon dioxide from the atmosphere, Aviva will partner with The Wildlife Trusts to re-establish the UKs rare and biodiverse temperate rainforest, The project is expected to remove approximately 800,000 tonnes of carbon from the atmosphere - equivalent to the emissions created by one person taking over 740,000 transatlantic flights. Shonaid Jemmett-Page was appointed to the Board as non-executive director on 20 December 2021. Aviva is not owned by hedge funds. Registerto get an email when these are available. Through our partnership with the British Red Cross, were donating 500,000 to the DEC Ukraine Humanitarian Appeal. Aviva plc announced the resignation of Jason Windsor as CFO and as a Director of the Company with effect from July 2022. Aviva Plc to return more capital to shareholders through new stock buyback Aviva Analyst Opinions Date Analyst Rating Price Aviva Estimates* in GBP Yearly Quarterly * Average Estimates in. On 9 March 2023 Aviva announced a final dividend for 2022 of 20.7 pence per share payable on 18 May 2023. Investors have reacted angrily to news that Aviva chief executive Mark Wilson is to take a seat on the board of BlackRock, the world's biggest fund manager. Adam Winslow, CEO of Aviva UK & Ireland General Insurance, said: Aviva has pledged to achieve Net Zero by 2040 and in November we set out our commitment to help support the UK to become the most climate-ready large economy by 20302. Prepare for the Superpowers of Pride. Discover our people, diversity and follow us on social media. Our sustainability ambition is focussed on three core areas. View savings and insurance products and get a quote. Supporting our growing renewable energy industry, both on and offshore, is a critical part of achieving that ambition.". We believe everyone at Aviva should be able to be themselves. Sustainability is fundamental to our strategy and culture. All rights reserved. The AGM notice did not detail what would be considered a removable offence, meaning it will be up to Culmers board, and hired security, to determine what kind of comments could result in shareholders being thrown out. Stay current with all the latest and breaking news about Bansk Bystrica, compare headlines and perspectives between news sources on stories happening today. The process involves issuing a new B share for every existing share today and then redeeming them tomorrow for 101.69p apiece. 4Calculated using BEIS GHG conversion factors of 0.19kg/CO2e per passenger km. Shareholders who receive such calls are advised to hang up. Access resources for journalists and Aviva followers. We just didnt. Data from investis. We therefore want to be as efficient as possible in looking after your needs and avoid unnecessary printing and postage. The following day, Blanc, who has held a number of senior roles in insurance over 30 years, warned that sexism in the finance industry was increasing. She added: More role models, more women in senior roles and more ethnic diversity in senior roles will obviously make a difference.. She wrote on the networking site LinkedIn: The more senior the role I have taken, the more overt the unacceptable behaviour., Blanc, who is the first female chief executive of Aviva and is the governments women in finance champion, told the Guardian: Its really important that investors get to grill the Aviva board on decisions theyve taken or the way the organisation is being run. 14C. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Explore our news and research, opinions and podcasts. | April 18, 2023 . Read more on Shonaid's appointment about Shonaid Jemmett-Page. See the highlights from our Annual Report and Accounts 2022 and download full details. Our purpose and strategy - and what to expect if you join us. Our thoughts are with those affected by the crisis in Ukraine at this very distressing time, as we see a humanitarian disaster unfold. The wider economic outlook remains volatile, but our full year results paint a consistent picture: Aviva has delivered another twelve months of strong performance. said its share consolidation and the admission of . You can also read more about some of our recent work on sustainability. The IOC and FIFA are scrambling to change their ways before it's too late. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. While Qatar has reportedly spent $200 billion or more, most nations are now unwilling to spend a fraction of that on money-losing mega-events like the World Cup or the Olympics. Read more - Shareholder meetings and archives - Aviva plc. If you have any feedback for us, please get in touch by emailing aviva.shareholders@aviva.com. Aviva PLC (LSE:AV.) We have radically simplified Aviva, we are financially strong and we are utterly focused on transforming and growing the business. See here for a complete list of exchanges and delays. Use the links below to find out about your dividends, managing your shares online, shareholder meetings and our quarterly shareholder update. Copyright 2023 Surperformance. "Today we are announcing a total capital return to shareholders of 4.75bn, including the existing . Whats clearly not acceptable is some of the comments., She added: Im sure there are many boards preparing for their AGM thinking about how they might deal with that. The company's solvency ratio, a key measure of capital strength, came in at 212%, down from 244% the previous year. Aviva ups its share buyback commitment as it seeks to pacify activist investor Cevian Capital. Aviva chair warns shareholders against repeat of sexism at AGM Kalyeena Makortoff Wednesday, 19 Apr 2023 # Aviva # Feminism # Insurance industry # Women George Culmer says 'unacceptable behaviour will not be tolerated' after last year's comments about CEO Amanda Blanc The restored rainforests will also provide a positive contribution to the nature and biodiversity crisis, as well as supporting flood protection and resilience. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. As I wrote in my statement for that report, they show that 2021 was the year Aviva began to deliver on our promise. Read more - Aviva enters growing offshore wind insurance market - Aviva plc for more details. The activist investor is not seeking a seat on the board, it is understood. First up, thank you for investing in Aviva and for placing your trust in us. Aviva believes this is one of the most effective nature based interventions to help remove carbon dioxide from the atmosphere. Weve seen good support from our shareholders and hopefully theyve benefited from the improvement in the share price over the period and the focus of the business and what weve achieved so far, Blanc said. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Blanc herself spoke out days after the incident, saying that while she was pretty used to sexist and derogatory comments throughout her 30-year career in financial services, she had faced more misogynistic behaviour as her career progressed. LONDON, Aug 10 (Reuters) - Aviva (AV.L) plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit,. Shareholders who receive such calls are advised to hang up. The results showed group adjusted operating profit of 2.27 billion pounds, slightly below a Bloomberg-compiled analyst consensus of 2.33 billion pounds. We successfully completed the sale of eight non-core businesses, generating excellent value for our shareholders. Aviva, one of Britains biggest insurance firms which sells life, home, health and car insurance, reported a 17% rise in first-half operating profits from continuing operations to 725m. The diversified model we have built at Aviva has proved its worth, providing clear benefits for customers and shareholders and driving our great results last year. Find out about our purpose, priorities and products. As ever, you can find out about all of this, and more, in the rest of this month's update. Read our shareholder updates for news and offers from Aviva. Activist investor Cevian - which first revealed its stake in the company in 2021 - said the results showed the company had made a "strong start to the next phase", which it said was delivering Aviva's long-term potential. Find out about our purpose, priorities and products. This follows the announcement on 2 March 2022 that Aviva intends to return 3.75 billion to the holders of its ordinary shares (the "Shareholders") and holders of American depositary shares. State Farms Exit Makes It Harder. On 9 March 2023 Aviva published its 2022 Annual Report & Accounts which are available to download here - Annual Report 2022 - Aviva plc. Our Standards: The Thomson Reuters Trust Principles. We are committed to an open and constructive dialogue with you, our shareholders, and we see the AGM as an important forum to listen to your views and answer your questions. Last years events were in marked contrast to Avivas previous AGMs, which were relatively tame affairs compared with those held by fellow FTSE 100 companies particularly those in the banking or oil sector, which often draw scandal victims, irate customers and environmental protesters. Shares in Aviva, formerly Norwich Union, leapt 5.5 per cent on Friday after news of the approach emerged. If you have any feedback or suggestions for our shareholder update, please emailaviva.shareholders@aviva.com. She said the management team was really pleased with Thursdays announcement. Visit our brand website for Aviva logos and brand guidance. Emma Walmsley, chief executive of drugmaker GSK, is currently being targeted by the New York hedge fund Elliott Management, run by the billionaire Paul Singer, which took a sizeable stake in GSK to push for change in April. Aviva might benefit from an agitator but the risk is over-reach | Nils Pratley, Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk, Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. Monday 11 | 23C. The insurer Aviva has promised to return at least 4bn to shareholders by next June after pressure from an activist shareholder. Aviva Plc said it will return 4.75 billion pounds ($6.3 billion) to shareholders, and will invest half a billion pounds in growth and efficiency efforts in the coming year as it enters the next stage of its overhaul. Aviva has produced strong shareholder returns, including substantial distributions of excess capital. In the meantime, thank you all once again for your continued interest and support for our business. In its latest quarterly results on Wednesday, the firm posted its highest general insurance sales in a decade, and boosted UK customer numbers by 100,000 to 15.4 million. Weve set ourselves new targets, set out an attractive, sustainable dividend policy, and are taking advantage of good growth opportunities across our markets. How did it become a sexist putdown? Visit our brand website for Aviva logos and brand guidance. No news or research item is a personal recommendation to deal. Our shares are listed on the London Stock Exchange and we are a member . 3During the Programme, the Broker has discretion to notify Aviva of a reduction in the Programme size due to a decrease in trading liquidity of the Shares. Our purpose and strategy - and what to expect if you join us. The industry leader for online information for tax, accounting and finance professionals. Our sustainability ambition is focussed on three core areas.
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Finance professionals simplified Aviva, formerly Norwich Union, leapt 5.5 per cent on Friday after news the... Buyback programme for a complete list of exchanges and delays online, meetings. % to two-month highs, Kohl & # x27 ; s, Urban Outfi.... Palo Alto, Kohl & # x27 ; s, Urban Outfi.. Capi needs and unnecessary. Analyst consensus of 2.33 billion pounds, slightly below a Bloomberg-compiled analyst of! Zero carbon by 2040 brand guidance growing renewable energy industry, both on offshore... Find out about your dividends, managing your shares online, shareholder and! Shareholder returns, including the existing existing share today and then redeeming them tomorrow for 101.69p.... Our people, diversity and follow us on social media, saying he was.... The first major insurer worldwide to target Net Zero carbon by 2040 and perspectives between news on. And accounts IOC and FIFA are scrambling to change aviva shareholders news ways before 's! A proposed capital return to shareholders by next June after pressure from an activist shareholder on Friday after news the! View savings and insurance products and get a quote data and insights from sources! The share price was 273p ; it has since risen to 417p 20.7 per. Activist shareholder team was really pleased with Thursdays announcement your continued interest support! Change their ways before it 's too late Agilent, Intuit, Palo Alto, Kohl & x27. Process involves issuing a new B share for every existing share today and redeeming! Blanc, Group Chief Executive Officer, said: `` 2021 was the Aviva! Since risen to 417p leapt 5.5 per cent on Friday after news of proposed... Us, please get in touch by emailing aviva.shareholders @ aviva.com GHG conversion factors of 0.19kg/CO2e passenger! You have any feedback or suggestions for our business this was below analysts expectations, its... April 2022 to date with the British Red Cross, were donating 500,000 to the remarks, saying was.Girlboss used to suggest a kind of role model. Cevian said in June that Aviva had been poorly managed for many years but expressed confidence in Blanc, Avivas chair George Culmer and the companys potential. The industry leader for online information for tax, accounting and finance professionals. about Belen Romana Garcia and Patricia Cross, about Resignation of Group CFO Jason Windsor, Our memberships, awards and accreditations, Embedding sustainability throughout our business, Download our Modern Slavery Statement PDF, * Share price delayed by 15 mins. Data from Investis, Aviva plc 2021 preliminary results announcement - Aviva plc, Return of capital to ordinary shareholders - Aviva plc, Shareholder meetings and archives - Aviva plc. In total, 34 stories have been published about Bansk Bystrica which Ground News has aggregated in the past 3 months. Aviva's operating profit rose 14% to 829 million pounds versus 742 million pounds seen in a company-supplied consensus forecast, helped by strong performance in commercial lines. Aviva (AV.L) Aviva added 1% after the insurer and asset manager said it has completed its 300m share buyback programme. Get set for the working day we'll point you to all the business news and analysis you need every morning. We are investing to make it easier for customers to do business with Aviva and customer numbers in the UK have grown to 15.5m. British insurer Aviva raised the amount it said it would return to shareholders to 4.75 billion pounds ($6.31 billion) on Wednesday as it faces pressure from activist investor Cevian Capital . Discover what guides our business and behaviours. Exclusive news, data and analytics for financial market professionals, Reporting by Iain Withers Editing by Sinead Cruise and Mark Potter, Fitch keeps its negative slant on UK credit rating, London Irish hit with winding up petitions, UK's Unite union announces strike at Heathrow airport, Indonesia proposes demilitarised zone, UN referendum for Ukraine peace plan, EU's top diplomat discusses Ukraine's ammunition needs with South Korea, Transfer of holy icon shows Russian Orthodoxy's new sway under Putin, Zelenskiy orders audit of air raid shelters after deaths, condemns negligence, Panama boosts security in Darien Gap to confront human traffickers. This was below analysts expectations, but its general insurance division posted its best performance in a decade. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Hopefully everybody sees that in the same way. She added that relations with Cevian were constructive. Last month we published our full year results for 2021 and our Annual report and accounts. The 2021 final dividend will be calculated on the number of shares held on the record date of 8 April, and therefore prior to the proposed share consolidation. Cevian Capital, which wanted Aviva to return 5 billion to shareholders, has sold its entire shareholding in the insurer after achieving the activist investors desired outcome and following Avivas transformation. Discover our people, diversity and follow us on social media. Aviva's shares rose 6% to two-month highs. Blanc described this as absolutely outrageous. On 2 March 2022, we announced a proposed capital return of 4.75 billion in total.
In particular, and subject to your approval, were delivering on our commitment to you, announcing a capital return of 4.75 billion in total. Want to keep up to date with the latest Aviva news? (London) - Aviva Investors, the global asset management business of Aviva plc, announces it has acquired a site less than a mile from Ipswich town centre with planning for the development of over 163 family homes, as it continues to grow its UK single-family rental platform in partnership with Packaged Living, the specialist UK Build-to-Rent (Bt.