Aviva plc · LSE:AV.
Aviva — Societe Generale The Premium Review Conference 2011
11 slides from Aviva's conference presentation, Dec 2, 2011
Slide 1: Societe Generale The Premium Review Conference
Societe Generale The Premium Review Conference Fitter Stronger 1
Slide 2: Disclaimer
Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the “Company” or “Aviva”) with the United States Securities and Exchange Commission (“SEC”). This announcement contains, and we may make verbal statements containing, “forward-looking statemen
Slide 3: The new Aviva: fitter, stronger
The new Aviva: fitter, stronger FY 2008 HY 2011 Life IRR 11% Life IRR 14% Profitability GI COR 98% GI COR 96% In-force VIF £5.0 billion VIF £6.6 billion book Cost base £5.7 billion Cost base £3.9 billion2 Efficiency Headcount 54,700 Headcount 36,1002 Economic capital surplus Economic capital surplus
Slide 4: HY 2011: further progress in all key areas
HY 2011: further progress in all key areas IFRS operating profit Net operating Interim dividend capital generated £1,337m 10.0p £1,270m £0.9bn 5% £0.8bn 9.5p £84m special 5% distribution £0.2bn non- 13% recurring 14% underlying growth £0.7bn recurring HY10 HY11 HY10 HY11 HY10 HY11 Funds under manage
Slide 5: UK: building a dominant franchise
UK: building a dominant franchise Life IFRS operating profits L&P sales 3Q11 YTD New business IRR £8.1bn £463m £462m £7.6bn 6% 15% 15% £84m special distribution 22% 23% £379m £5.3bn GPP, £4.3bn annuities, protection HY10 HY11 3Q YTD 10 3Q YTD 11 3Q YTD 10 3Q YTD 11 GI GI operating profits* GI NWP* G
Slide 6: Europe: focus on profitability
Europe: focus on profitability Life IFRS operating profits L&P sales New business IRR £10.6bn £473m £8.7bn 13% Pensions, 12% £425m 11% WP £7.9bn savings £6.1bn £2.7bn Unit linked, £2.6bn Protection HY10 HY11 3Q YTD 10 3Q YTD 11 3Q YTD 10 3Q YTD 11 GI IFRS operating profits GI & Health NWP GI COR £1,
Slide 7: On track to deliver against short term targets
On track to deliver against short term targets 14% life insurance new business IRR against a target of 12% 96% group COR against a target of 97% £0.8 billion capital generation in H1 towards the £1.5 billion FY11 target Aiming to generate £1.5 billion - £1.8 billion in 2011 On track to deliver £400
Slide 8: Increase in underlying capital generation
Increase in underlying capital generation £m 1200 Capital generation and allocation 800 400 Life HY10 allocation HY11 0 Life Non-life Non-life Life total Non-life Group generation generation allocation* total Total -400 * HY10 non-life allocation reduced by £0.2bn GI capital release -800 Capital gen
Slide 9: Reduced balance sheet asset risk after Delta Lloyd sell down
Reduced balance sheet asset risk after Delta Lloyd sell down £148bn £113bn Total shareholder assets Mortgages and loans Annualised include £8bn UK Dec Dec June mortgage book 2009 2010 2011 FY10 HY11 Annual interest income £641m £621m £631m £35bn £19bn Annual rental income £842m £822m £831m Mortgages
Slide 10: Good corporate and government debt track record
Good corporate and government debt track record Limited default experience UK Corporate bonds US debt securities 40bps 31bps 10bps < 5bps < 5bps zero 2009 2010 HY11 2009 2010 HY11 Limited exposure to higher risk European debt Direct Total Direct shareholder exposure to Greece, shareholder participat
Slide 11: Q&A
Q&A AVIVA
Aviva — Societe Generale The Premium Review Conference 2011 on 6ix