Aviva Plc · LSE:AV.
Aviva — Shareholder Meeting (April 2007)
23 slides from Aviva's shareholder meeting presentation, Apr 26, 2007
Slide 1: Slide 1
Slide 2: Aviva plc Annual General Meeting April 2007
Aviva plc Annual General Meeting 26 April 2007
Slide 3: Colin Sharman, Chairman
Colin Sharman Chairman
Slide 4: Richard Harvey, Group Chief Executive
Richard Harvey Group Chief Executive
Slide 5: Review of the business
Review of the business
Slide 6: The Aviva World – right markets, right time
The Aviva World – right markets, right time Europe • Mature, growing markets in western Europe • Strong growth prospects in southern Europe, central eastern Europe and Russia • Develop distribution • Aim to grow in-line with or better than the market
Slide 7: UK Life: achievements in 2006
UK Life: achievements in 2006 New management team with a track record for operational excellence Implementing a clear strategy, balancing sales growth and maximising value of the in-force book Increasing market share in a growing market Net winners from A-Day Improving service standards and reducing
Slide 8: UK GI: achievements in 2006
UK GI: achievements in 2006 Taking the lead in tackling the insurance cycle Delivering g on RAC p profitability y targets g On track to deliver cost savings initiatives Successful launch of PAYD Strengthening the balanced distribution portfolio
Slide 9: Continental European growth
Continental European growth • In Ireland, sales nearly doubled following AIB bancassurance JV • In Italy, increased to 1100 UniCredit Continental Europe - Sales Growth branches £m • In Turkey, new bancassurance 14000 JV with Ak Bank 12000 • In The Netherlands, acquired Erasmus, midsized Life and GI
Slide 10: The Aviva World – right markets, right time
The Aviva World – right markets, right time Asia Pacific • High growth markets • Accelerating growth in India and China • Expand pa d multi-channel ut c a e distribution • New markets of Taiwan and Malaysia • Growth of Navigator platform
Slide 11: Asia-Pacific growth
Asia-Pacific growth • In China, licensed to trade in 17 cities. 1st foreign insurer to win license in Zhuzhou Asia - Sales Growth • In Hong Kong & Singapore, continued £m strength of DBS and IFA channel, with 1100 sales growth of 59% 1000 900 • In India new bancassurance JV with 800 700 IndusInd. Sa
Slide 12: The Aviva World – right markets, right time
The Aviva World – right markets, right time North America • 30% of world-wide savings • Demographics provide huge growth potential • Aviva USA delivering growth • Canadian GI delivering sustained profits
Slide 13: Aviva USA
Aviva USA AmerUs & Aviva USA pro-forma quarterly sales growth AmerUs life and annuity sales 900 800 Aviva USA 700 £m 600 500 400 300 200 • 21% growth in AmerUs sales Q1'06 Q2'06 Q3'06 Q4'06 • In 2006 signed distribution agreements with Annexus and 2 other IMOs • P iti outlook Positive tl k ffor 2007
Slide 14: Financial review
Financial review
Slide 15: Aviva
Aviva 2006 pro forma sales £43.4bn(1) 7% USA Life An international company… • European portfolio growing ahead of the market 37% International • 91% growth in the Asian portfolio Life (Ex USA) • AmerUs A U provides id th the platform l tf ffor growth th iin America 11% International GI 14% UK GI …wi
Slide 16: 2006 results highlights
2006 results highlights • Record long-term savings sales up 21%, maintaining focus on value • Operating profit up 12% on an EEV basis and 46% on an IFRS basis • General insurance COR of 94%, ahead of 98% meet- or beat- target • Return on equity shareholders’ funds of 13.1% • Dividend per share up 10
Slide 17: Track record of growth
Track record of growth Group Operating Profit* (EEV) Group Operating Profit** (IFRS) 3,500 3,500 3,000 3,000 2,500 2,500 £m £m 2,000 2,000 1,500 1,500 1 000 1,000 1,000 500 500 2002 2003 2004 2005 2006 2002 2003 2004 2005 2006 Long term savings sales Net Asset Value* (inc. goodwill) 35,000 Pence per
Slide 18: Slide 18
Slide 19: Andrew Moss, Executive Director
Andrew Moss Executive Director
Slide 20: Quarter 1 Life new business
Quarter 1 Life new business Total worldwide long-term business sales £9.2bn +18% UK total sales £3.5bn +9% Continental Europe sales £4.1bn +6% USA sales £0.8bn +67% (pro-forma) Asia-Pacific sales £0.7bn +34% Life and Pension sales £7 8bn £7.8bn +16% Investment sales £1.4bn +30% New business margin (
Slide 21: Group executive team
Group executive team (July 2007) Philip Scott Tidjane Thiam group finance group executive director, director Aviva Europe Mark Hodges Igal Mayer chief executive, chief executive, Norwich Union Life Andrew Moss Norwich Union Insurance group chief executive Tom Godlasky Simon Machell chief executive,
Slide 22: Questions & answers
Questions & answers
Slide 23: Slide 23