Aviva Plc U/Adr (AVVIY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us for our half-year results presentation. It's great to be back at 80 Fenchurch Street in our new events space. As always, I'll open with an update on our performance and our strategic progress before handing over to Charlotte, who will take you through the results in more detail. And we'll finish with the opportunity for questions. So let me start with the key messages. Aviva has delivered an outstanding performance in the first half of 2025, extending our track record of delivery. We are moving at speed on the integration of Direct Line, which is critical for our ambitions, and we continue to make excellent strategic progress. All of this shows just how strongly we're pushing Aviva forward. And of course, there are many more opportunities to go after. Everything that we have delivered is ultimately down to our fantastic people. So I want to take a moment to thank everyone at Aviva. Their dedication and relentless focus on delivering great customer outcomes is the driving force behind today's results. And with our new Direct Line colleagues, we will be able to achieve even more together. So let's get into the numbers. As you can see, we've had a very strong first half. Operating profit is up 22%, with operating EPS up an impressive 25%. And we continue to grow capital and cash generation. And for shareholders, today we're announcing an interim dividend of 13.1 pence per share, up 10% year on year. This includes the additional uplift that we promised upon completion of Direct Line, and Charlotte will cover this in more detail later. Underpinning these results is continued delivery, right across our businesses. In general insurance, we've had a very strong six months across the UK, Ireland and Canada. Operating profit is ...