Aviva Plc · LSE:AV.

Aviva — Investor Presentation (February 2009)

11 slides from Aviva's investor presentation, Feb 4, 2009

  1. Slide 1: Analyst and investor briefing

    Analyst and investor briefing 2008 Worldwide long-term savings new business and business update Moving from EEV to MCEV reporting page 1

  2. Slide 2: Disclaimer

    Remaining strong through tough economic times Disclaimer This presentation may include oral and written “forward-looking statements” with respect to certain of Aviva’s plans and its current goals and expectations relating to its future financial condition, performance and results. These forward-look

  3. Slide 3: Investor and Analyst Briefing: Aviva business update & MCEV

    Investor and Analyst Briefing Aviva business update & MCEV Update on Aviva Andrew Moss Chief Executive Officer Market Consistent Embedded Philip Scott Value reporting Chief Financial Officer • Nic Nicandrou – Chief Financial Officer, UK Life • David Rogers – Chief Accounting Officer • Tim Harris – C

  4. Slide 4: Consistent strategy through the global financial crisis

    Consistent strategy through the global financial crisis • Achieving good new business results • 1% total sales growth in 2008 to £40,278 million (7% down in local currency) • 11% life and pensions sales growth to £36,283 million (2% up in local currency) • 98% GI COR expected for 2008 • Maintaining

  5. Slide 5: 2008 Life and pensions sales up 11%

    2008 Life and pensions sales up 11% 1 PVNBPPVNBP MCEV 12 months Sterling Local currency 2008 Growth Growth £m % % UK 11,858 1% 1% Europe 16,990 8% (7)% North America 5,715 57% 45% Asia Pacific 1,720 8% (1)% Total Life & Pensions 36,283 11% 2% Total Investment Sales 3,995 (43)% (47)% TOTAL LONG -TERM

  6. Slide 6: European Region sales up 8%

    European Region sales up 8% 1 PVNBPPVNBP MCEV 12 months Sterling Local currency 2008 Growth Growth £m % % France 3,880 2% (12)% Ireland 1,299 (27)% (38)% Italy 2,331 (22)% (33)% Netherlands 4,097 31% 12% Poland 1,842 64% 32% Spain 2,527 4% (11)% Other Europe 1,014 124% 107% Europe 16,990 8% (7)% pag

  7. Slide 7: Outlook for Aviva's markets

    Outlook for Aviva’s markets • 2009 outlook hard to predict • UK & Europe: Sales likely to be more subdued • North America: Continuing demand for indexed annuities • Asia Pacific: Steady growth in the major economies, but investors are more cautious page 7

  8. Slide 8: 2009 priorities

    2009 priorities • Increasing emphasis on capital efficiency in investment decision making (including life new business) • Decreasing emphasis on sales growth targets, subject to maintaining strong franchises in all geographies • General insurance target to meet or beat COR of 98% page 8

  9. Slide 9: IGD surplus estimated at £2.0bn at December 2008

    IGD surplus estimated at £2.0bn at 31 December 2008 • Estimated £2.0bn IGD surplus above the regulatory capital requirement • Compares to £1.9 billion at 30 September 2008 • The estimate includes appropriate reserve strengthening • Surplus would be approximately £1.3 billion in the event of a 40% fa

  10. Slide 10: Consistent strategy through the global financial crisis

    Consistent strategy through the global financial crisis • New business growth balanced with capital efficiency • Maintaining a strong capital position • Continued commitment to delivering against the “One Aviva twice the value” strategy • Dividend policy unchanged page 10

  11. Slide 11: Questions and answers

    Questions and answers © Aviva plcFeb 2009 page 11 MCEV Restatement

Aviva — Investor Presentation (February 2009) on 6ix