Aviva planning £1bn share buyback plan; £1.5bn of excess capital at the ready

Written by Adam Cadle

27/11/2017

Aviva is planning a £1bn share buyback plan, according to The Sunday Times.

The insurer has £1.5bn of excess capital to deploy, the newspaper stated, citing estimates from Barclays.

As a result of this news, shares have risen 1.63% to 507.55p in morning trading.

According to chief executive Mark Wilson, the insurer is also expected to indicate the repayment of expensive bonds.

Additionally, he may possibly announce the group’s intention to make further small corporate acquisitions, The Sunday Times said.

Since Wilson joined Aviva five years ago, Aviva has generated about £14bn of capital.

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