Aviva Plc · LSE:AV.
Aviva — Goldman Sachs Conference – Madrid 2010
13 slides from Aviva's conference presentation, June 2010
Slide 1: Aviva plc Goldman Sachs Conference – Madrid
Aviva plc Goldman Sachs Conference – Madrid June 2010 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: Overview
Overview • Aviva is the world’s fifth largest insurance group Long Term Savings • General Insurance Providing insurance, savings and investment products to Composite 53 million customers • With a unique bancassurance franchise 7% 9% 2% 20% 13% 28% 31% 16% 12% £36bn 13% £9bn 47% £3.5bn 20% 40% 42% Lo
Slide 4: Aiming to generate £300m (30%) growth in underlying capital in 2010
Aiming to generate £300m (30%) growth in underlying capital in 2010 £bn Capital Generation 2.5bn 1.5bn 2.5 Key drivers for capital growth • Higher in-force profits • Increased non-life 2.0 capital generation • Lower new business strain 1.5 1.3bn 1.0bn 1.0 0.5 0.0 Operational capital Investment in 20
Slide 5: Continuing return to growth, further actions to drive value
Continuing return to growth, further actions to drive value Continuing return to growth Actions to drive value Life & Pensions Cash generation • 15% quarterly improvement in L&P sales • Aiming for a 30% improvement in operating • Margins in line with 2009 capital generation in 2010, £300m more than
Slide 6: 15% increase in sales Q4 2009 – Q1 2010
15% increase in sales Q4 2009 – Q1 2010 39% increase Q3 2009 – Q1 2010 Life & Pensions PVNBP £m • Growth of 13-14% in core 10,000 markets of UK and Europe 9,131 9,000 Asia Pacific • Margins in line with 2009 409 7,943 997 • Bancassurance sales 8,000 up 44% 307 803 7,000 6,587 North America 351 6,000
Slide 7: 16% increase in GI & Health sales Q4 2009 – Q1 2010
16% increase in GI & Health sales Q4 2009 – Q1 2010 GI & Health (NWP) £m • Positive impacts from 3,000 marketing campaign “get the Aviva deal” 2,465 • Success with the RAC panel 2,500 Asia Pacific 191 • Continued improvement 2,120 2,126 in underlying current 99 112 397 2,000 year performance 462 449
Slide 8: UK Life – A strong platform for profitable growth
UK Life – A strong platform for profitable growth New Business 2008 2009 +/- Margin 1.7% 2.8% +1.1% IRR 14.0% 14.3% +0.3% EB cost overrun (£m) (42) 3 +45 Service 2005 March +/- 2010 Customer 38% 73% +35% recommendation Core admin systems 20 4 -16 • Strong improvement in margin over 2009 with a discr
Slide 9: UKGI – Improving current year profitability and an encouraging start to 2010
UKGI – Improving current year profitability and an encouraging start to 2010 £m Q4 2009 Q1 2010 +/- Net Written Premiums 880 913 4% £m and % FY 2008 FY 2009 +/- Net Written Premiums 4,981 3,866 (22%) COR 99% 99% Current year profit 281 319 14% • An encouraging start in 2010: • Good traction with the
Slide 10: Aviva UK
Aviva UK Exploit unique position of UK business across Life & Pensions, GI, One UK business Health and RAC Maximise value opportunities from 14m customer base by Customer value increasing customer holdings and lifetime retention Co-ordinate approach to partnerships to deploy uniquely wide Distributi
Slide 11: Aviva Europe – Progress on Quantum Leap
Aviva Europe – Progress on Quantum Leap Business managed by channel and function with clear One Pan European Business accountability alongside local market knowledge One Head Office Work underway to create one head office in Ireland Pan European Pan-European Product Centres created in Poland and Ire
Slide 12: Strong today, with a clear vision for the future
Strong today, with a clear vision for the future Strong today Well positioned for growth European L&P A single global brand assets expected • 53 million customers 1.7 to grow by • A unique bancassurance $1.7 trillion over franchise the next 5 years • Top 4 in Europe and a market leader in the UK 200
Slide 13: AVIVA
AVIVA