Aviva reports strong growth and profitability

Written by Adam Cadle

13/11/2025

Aviva has reported another quarter of strong growth and profitability, with the group now expecting to meet its 2026 financial targets a full year ahead of schedule.

The insurer’s transformation over the past five years, combined with the ongoing integration of Direct Line, has positioned Aviva to deliver improved outcomes for both customers and shareholders, according to group chief executive officer Amanda Blanc.

“Over the last five years we have transformed Aviva, delivering again and again for our customers and shareholders,” she said. “We continue to make excellent progress and now expect to achieve our financial targets in 2025, one year early. Crucially, we have achieved this significant milestone thanks to the consistently strong performance of Aviva, before any impacts of the Direct Line acquisition are included.”

Blanc highlighted that Aviva’s third quarter numbers reflect profitable growth across all business lines. General insurance premiums rose 12% to £10bn, while the group’s wealth business secured net flows of £8.3bn and now manages £224bn in assets. The insurer is accelerating its shift toward capital-light business, with the aim of having more than 75% of its operations in capital-light areas by the end of 2028. “This is good news for shareholders, as we deliver stronger growth and better returns, using less capital,” Blanc said.

Looking at the UK and Ireland, general insurance premiums climbed 17% to £6.7bn, driven by a 24% increase in personal lines.

The group remains in a strong capital and liquidity position, reporting an estimated Solvency II shareholder cover ratio of 177% following the Direct Line acquisition, and centre liquidity of £2.2bn at the end of October. Aviva expects its full-year 2025 Solvency II cover ratio to remain broadly consistent with the third quarter, subject to market movements.

Looking ahead, Blanc said: “The outlook for Aviva has never been better. The advantages of our diversified business, 25 million strong customer base, and majority capital-light earnings, mean we expect to deliver more and more for our shareholders and customers. And so today we are also setting new financial targets, raising our ambitions yet again, and reflecting the strength of our confidence in the continuing growth potential of Aviva.”

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