Aviva Plc · LSE:AV.

Aviva — Shareholder Meeting (2003)

27 slides from Aviva's shareholder meeting presentation, 2003

  1. Slide 1: Richard Harvey, Group Chief Executive

    Richard Harvey Group Chief Executive

  2. Slide 2: Overview

    Overview

  3. Slide 3: Aviva overview

    Aviva overview • No 1 in the UK • 7th largest insurer in the world • Leading life and pensions provider to Europe • Focused on a consistent strategy

  4. Slide 4: 2002 premium income

    2002 premium income Business Mix Geography UK General General 17% UK Life Europe 30% 35% 6% General RoW 7% General 70% 4% RoW Life Life 31% Europe Life Note: Figures quoted represent continued and discontinued operations, 2002.

  5. Slide 5: 2002 results

    2002 results B

  6. Slide 6: Tough economic environment

    Tough economic environment • Slowdown in global economy • Equity markets have fallen • Confidence has been hit

  7. Slide 7: Robust 2002 results

    Robust 2002 results 2002 2001 Premium income1 £28.6bn £29.4bn Operating profit before tax2 £1.80bn £1.98bn Post-tax return on capital2 10.1% 9.7% Dividend 23p 38p Assets under management £208bn £209bn Notes: 1 From continued and discontinued operations. 2 From continued and discontinued operations,

  8. Slide 8: Aviva relative to the market

    Aviva relative to the market 120 100 80 FTSE Eurotop 300 60 Aviva 40 FTSE Eurotop 300 Life 20 May May Mar Sep Feb Jan ‘02 Nov Dec Mar Feb Jun Jul Oct Jan ‘03 Apr Apr Aug Notes: All trendlines rebased to 100. Source: ABM AMRO.

  9. Slide 9: Worldwide long-term savings

    Worldwide long-term savings

  10. Slide 10: UK long-term savings

    UK long-term savings • Serving 6 million customers • The group’s largest long-term savings operation • Producing 50% of worldwide new business

  11. Slide 11: A tough UK market

    A tough UK market • Strong competition and weak consumer confidence • Uncertain investment returns • Regulatory change

  12. Slide 12: With-profits continues to be an important investment choice for consumers

    With-profits continues to be an important investment choice for consumers Asset mix of Norwich Union With Profits Fund As at 31 December 2002 Other 4% (2001: 1%) Property 17% (2001: 14%) Fixed Interest 44% (2001: 31%) Equity 35% (2001: 54%)

  13. Slide 13: Aviva in the European market

    Aviva in the European market Multi-distribution Bancassurance Direct Worldwide bancassurance sales up 50% Source: Aviva plc

  14. Slide 14: Worldwide long-term savings results

    Worldwide long-term savings results 2002 2001 New business sales £14.6bn £15.0bn Life achieved operating profit £1.52bn £1.66bn 70% Note: “New business sales” includes Life & Pensions and Retail Investment sales.

  15. Slide 15: Long-term potential remains

    Long-term potential remains • Ageing population is pushing demand for savings products • Government reforms are encouraging private provision • European Union is expanding in 2004 • New markets are developing in India and China

  16. Slide 16: Worldwide general insurance

    Worldwide general insurance

  17. Slide 17: General insurance objectives

    General insurance objectives • Targeting consistent and sustainable performance • Promoting high-quality products and services • Ensuring disciplined underwriting and claims handling • Using innovation to meet customer needs

  18. Slide 18: UK digital mapping

    UK digital mapping

  19. Slide 19: Worldwide general insurance results

    Worldwide general insurance results 2002 2001 Net premiums written1 £8.49bn £9.53bn Operating profit before tax1 £0.96bn £0.92bn Combined operating ratio2 102% 103% 30% Note: 1 Figures quoted represent continuing and discontinued operations. 2 COR calculated on a continuing basis only.

  20. Slide 20: A focused strategy, delivering results

    A focused strategy, delivering results • Focused on personal and selected commercial business • Building a lower-risk business, delivering a steadier stream of profits • Generating cash and funding growth

  21. Slide 21: Brand

    Brand

  22. Slide 22: Aviva is now live in continental Europe, North America, and Asia

    Aviva is now live in continental Europe, North America, and Asia Aviva-branded Markets

  23. Slide 23: Our brand is being built within existing marketing budgets

    Our brand is being built within existing marketing budgets

  24. Slide 24: Focus in 2003

    Focus in 2003

  25. Slide 25: Focus in 2003

    Focus in 2003 • Improving customer service • Managing capital and returns • Sizing costs to revenues • Generating cash to fund growth

  26. Slide 26: In summary

    In summary • Tough economic environment • Industry facing significant change • Robust 2002 trading results • Capital generation is supporting future growth • Longer-term prospects remain strong

  27. Slide 27: Aviva

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