Financial Strength

Aviva demonstrates resilience by delivering good results in a challenging year

Andrew Moss, chief executive, commented:

"In a tumultuous year, our underlying business has shown great resilience. Operating profits are up and we have maintained our dividend. Bottom line earnings have been affected by investment markets which have predictably created significant unrealised losses during the year."

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"Aviva remains financially strong. We’ve undertaken a thorough review of the value of our assets and liabilities, and have made cautious provision for future losses so that we are in good shape to withstand the ongoing volatility and uncertainty in world markets. Maintaining our capital strength has been a priority for us and remains so this year."

"Meanwhile we continue to transform Aviva for the future. In these markets only the fittest will emerge as winners. Our increased share of the UK life and pensions market in 2008 is a good example of a market where we have growing competitive advantage. Our strategy is well–suited to current markets and our geographic diversity and composite model continues to deliver for us."

Read more about Aviva’s full results

WC02101 03/2009