Aviva Plc · LSE:AV.
Aviva — Shareholder Meeting (May 2006)
27 slides from Aviva's shareholder meeting presentation, May 10, 2006
Slide 1: Aviva plc Annual General Meeting
Aviva plc Annual General Meeting 10 May 2006 2003 Final Results
Slide 2: Colin Sharman, Chairman
Colin Sharman Chairman 2003 Final Results
Slide 3: Richard Harvey, Group Chief Executive
Richard Harvey Group Chief Executive 2003 Final Results
Slide 4: Aviva's strategy
Aviva’s strategy Our core purpose: Prosperity and Peace of Mind Our strategy: is to be a clear leader in helping our customers grow their wealth and protect their assets and their health Long term savings & fund General insurance & related services management … by providing a broad range of … by off
Slide 5: Aviva is ....
Aviva is …. Sales £35bn (1) EEV Operating Profits £3.5bn (2) • World’s sixth largest insurance group International Aviva Life International 41% • Leading life & pensions 54% provider in Europe & UK International • Largest general insurance GI 12% provider in UK & Ireland UK • Third largest UK based
Slide 6: Aviva – excellent results in 2005
Aviva – excellent results in 2005 • Operating profit (EEV basis) £2,904m +29% • Operating profit (IFRS) £2,128m +25% • Total long term savings sales (PVNBP) £24.6bn +10% • New business contribution £808m +14% • General insurance COR 95% (2004: 97%) • Total dividend per share 27.27p +7.5% • ROCE 15.0
Slide 7: Quarter 1 Life New Business results – great start to 2006
Quarter 1 Life New Business results – great start to 2006 • Total worldwide long-term business sales £7.9bn +26% • UK total sales £3.2bn +34% • International total sales £4.7bn +21% • Life and Pension sales £6.8bn +20% • New business contribution £235m +20% • Investment sales £1.1bn +72% 7 All refer
Slide 8: International Life
International Life 2003 Final Results
Slide 9: International life: delivering profitable growth
International life: delivering profitable growth 16,000 18% PVNBP 14,000 12,000 £m 10,000 8,000 6,000 4,000 2,000 2003 2004 2005 • Focus on organic and inorganic growth • Strong and profitable European base • Sales doubled in India & China – presence in 12 Chinese cities (including Jinan) • Strong g
Slide 10: Europe's strongest life platform
Europe’s strongest life platform Spain Rank: 2nd The Netherlands 17% Rank: Top 5 New business life 20% & pensions sales Italy 19% Rank: 7th Europe (ex UK) 2005: £11,933 million* France 30% 6% Rank: Top 10 6% Other 2% Ireland Poland** Rank: 3rd Rank: 2nd 10 *PVNBP – present value of new business prem
Slide 11: Distribution – reflects what works best in each country
Distribution – reflects what works best in each country • Leverage multi-distribution skills around Group • Knowledge sharing across borders Multi-distribution Direct sale* Bancassurance* 11 * Representing the main distribution channel in each market
Slide 12: High growth in Asia
High growth in Asia Russia • Life office opened • Licence granted China • Sales grew 4 times in ‘05 • Jinan 12th city licence Hong Kong India • Ranked 24th • Top 10 life insurer • Sales doubled in ‘05 • Sales doubled in ‘05 Singapore • Top 5 life insurer • 12% market share Sri Lanka • Acquired Eagle
Slide 13: UK Life
UK Life 2003 Final Results
Slide 14: UK life: building momentum
UK life: building momentum UK Life and Pensions Total Sales (incl. investment sales) 3,500 3,000 2,500 PVNBP £m 2,000 1,500 1,000 500 Q1 ‘05 Q2 ‘05 Q3 ‘05 Q4 ‘05 Q1 ‘06 • Strong sales growth in the second half of the year • Strong product development programme • Detailed discussions on reattribution
Slide 15: Changes to the pensions marketplace
Changes to the pensions marketplace • Pensions A-Day – 6 April 2006 • Major market change • New products developed – SIPPS and Lifetime wraps • Individuals can merge all pension arrangements with one provider • Driving significant market activity • Net positive effect for Norwich Union Life 15
Slide 16: General Insurance and Related Services
General Insurance and Related Services 2003 Final Results
Slide 17: Excellent contribution to growth
Excellent contribution to growth Growing premium income ... ... whilst increasing profitability £ bn 10.4 COR % 10.0 110 9.6 105 9.2 100 8.8 98 95 8.4 8.0 90 2000 2001 2002 2003 2004 2005 2000 2001 2002 2003 2004 2005 COR 17 • GI COR reduced from 109% to 95% between 2000 and 2005
Slide 18: RAC – delivering significant contribution to Group
RAC – delivering significant contribution to Group • Integration of core and disposal of non-core elements almost complete • Good performance in 2005 - post acquisition profits £59m • Brand re-launched and rescue business growing • RAC Insure launched October ’05; 88,000 new policies • Two prestigio
Slide 19: Aviva Brand
Aviva Brand 2003 Final Results
Slide 20: Research showed that Aviva's audiences expect us to look to the future
Research showed that Aviva’s audiences expect us to look to the future Backward- Backward- Forward- Forward- looking looking looking looking heritage Insight financial strength clear sighted size knowledge Stasis Stasis Movement Movement Aviva: A brand that is in 20 the business of building better t
Slide 21: Forward thinking in our advertisements
Forward thinking in our advertisements Poster campaign Eurostar Tube stations 2003 Final Results
Slide 22: Forward thinking in other countries
Forward thinking in other countries 22
Slide 23: Forward thinking in our sponsorship
Forward thinking in our sponsorship Inspirational ambitions Investing in the future 23
Slide 24: Aviva's Focus
Aviva’s Focus 2003 Final Results
Slide 25: Aviva's focus
Aviva’s focus Our strategy: is to be a clear leader in helping our customers grow their wealth and protect their assets and their health To achieve this, Aviva focuses on … • understanding customers • market leading positions in selected areas • delivering efficient and effective distribution channe
Slide 26: Aviva plc Annual General Meeting
Aviva plc Annual General Meeting 10 May 2006 2003 Final Results
Slide 27: Slide 27