Aviva set to post shock £3bn loss - reports

clock

Insurance giant Aviva is likely to shock the City when it posts a £3bn loss in its full-year results this week, the Sunday Times reports.

The life and pensions provider has been going through a major business restructure, which has resulted in the loss of 800 jobs and the sale of several of its overseas operations. Full-year results, to be released this week, will show that the sale of its American business has triggered a write-down of £3.2bn, the report said. It added the business disposals were carried out to shore up the company's capital position, which would have protected its dividend. However, it is unclear whether the sell offs have raised enough money to prevent a cut. Analysts at Barclays predicted a 15% cut i...

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 Your profession

Why advisers shouldn't rush into private markets

Why advisers shouldn't rush into private markets

'There's only so long the hamster wheel can keep turning'

Justin Cash
clock 15 December 2025 • 4 min read
Adviser workload set to rocket ahead of IHT on pensions changes

Adviser workload set to rocket ahead of IHT on pensions changes

Large volumes of clients will need reviews of financial plans

Isabel Baxter
clock 15 December 2025 • 3 min read
Advising silver splitters: Legal insight for older clients getting a divorce

Advising silver splitters: Legal insight for older clients getting a divorce

Why is divorce becoming more common in older clients?

Katharine Bundell
clock 15 December 2025 • 4 min read