Strong growth in its workplace and healthcare business has seen profits at Aviva jump by a fifth in the first half of 2025.
Publishing its half year results, Aviva reported a 22 per cent increase in group operating profits when compared to the same six month period last year. Operating profits stood at £1.068bn.
This was driven by strong sales across its insurance, wealth and retirement business – up 9 per cent, year on year, to £12.5bn.
Within this division Aviva said that net flows into its wealth business were up by 16 per cent to £5bn. The insurer said this was helped by growing regular contributions into its workplace business.
Aviva also saw a 14 per cent growth of in-force premiums its health division, which have now topped £1bn. However the insurer said protection sales were 16 per cent lower. It said this was in line with expectations due to the consolidation of propositions in the second of half of 2024, following its acquisition from AIG.
There was also a drop in the insurer’s retirement business, due in part to what Aviva described as “subdued market activity” in the bulk purchase annuity market. Individual annuity sales were up 29 per cent, reflecting “enhanced operational capacity”.
Aviva’s group chief executive Amanda Blanc described the latest set of results as “outstanding”. She added: “Trading has been very good right across Aviva. We are the number one UK wealth player, with more than £200 billion of assets, and net flows are up 16 per cent.
“We are very well positioned to accelerate growth in the capital-light areas of wealth, health and general insurance, and deliver more and more for our shareholders.”
As a result of these result Aviva is increasing the interim dividend paid to shareholders.