Aviva's share price tumbles on news of US expansion

clock

Aviva's share price has fallen 2.2% on news it is entering the US retail market with the creation of capital securities worth $400m (£295m).

The securities, which will operate like bonds, will pay 8.25% and are due on 2041. An Aviva spokesman told the London Stock Exchange today that the move reflects the firm's desire to utilise its listing in New York to broaden its financing base. Aviva says it will use the money for "general corporate purposes" and that "proceeds will be counted towards its regulatory capital resources". Last month, the insurance firm announced a restructuring of Aviva Europe, in order to create a "leaner cost base". Aviva shared fell by 2.2% in trading today, by 6.50p to 290p.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Why life and income protection planning is essential for every business

Why life and income protection planning is essential for every business

Protecting livelihoods, relationships and the long term vision of a business

Ken Maxwell
clock 10 November 2025 • 4 min read
Unintended consequences: Why protection needs tech-led transformation

Unintended consequences: Why protection needs tech-led transformation

'The protection industry cannot afford to rely on legacy systems and manual processes'

Paul Yates
clock 30 October 2025 • 2 min read
Why product providers need autonomy on policy admin systems

Why product providers need autonomy on policy admin systems

What's holding providers back from achieving autonomy?

Professional Adviser
clock 17 October 2025 • 4 min read