Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Zilch said Tuesday that it made an operating profit in July 2024, hitting profitability faster than other major consumer fintechs that have also managed to break even. The company also said it topped £100 million ($130 million) in annual revenue run rate, doubling from the run rate it reported last year.
Aviva says India unit 'engaging' with authorities over tax investigation
British insurer Aviva said on Saturday its India unit is "actively engaging" with local authorities in connection with alleged tax evasion practices.
Aviva accused of using fake documents to dodge Indian tax rules
Aviva PLC (LSE:AV.) has been accused of using fake invoices and secretive cash payments to avoid Indian taxes and regulations capping commissions for sales agents.
Exclusive: UK's Aviva conspired to dodge India compensation and tax rules, agency says
An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters.
Aviva's profit beat impressed analysts, but is it all priced in?
Insurance giant Aviva plc delivered an earnings beat in its first-half results on Wednesday and City reactions have reflected this bumper result. Analysts at KBW upgraded their 2025 operating profit forecast by a full 10%, “about half from assuming structurally lower central costs and half from a more optimistic projection of UK life investment income, health results as well as non-life combined ratio”.
Aviva gets good response from City for latest numbers
Aviva ticked the right boxes for the City today with its latest numbers applauded by a trio of analysts. Jefferies said operating profit of £875m was 5% ahead of consensus (£830m), largely driven by strong performance in UK GI and Retirement.
Aviva Investors offloads 32 UK wind farms to CK Infrastructure
Hong Kong business conglomerate CK Infrastructure Holdings is acquiring 32 UK onshore wind farms of Aviva plc's investment management subsidiary Aviva Investors, according to the South China Morning Post. The reported £350 million deal is expected to close in September and comprises wind farms across England, Scotland and Wales with 175 megawatts of installed capacity.
Aviva impresses in first half despite reinsurance scrutiny
Aviva plc cut a healthy image in today's first-half financial report, with statutory profit surging 58% year on year and group operating profit increasing 14% to £875 million. General insurance written premiums increased 15% year on year to £6 billion while insurance, wealth and retirement sales increased 12% to £19.7 billion.
Aviva first-half results could re-energize shares if analyst optimism correct
Heading towards half-year results next Wednesday, Aviva PLC (LSE:AV.) shares recently topped £5 for the first time in over six years, before being caught up in the wider market sell-off.
L&G and Aviva on notice as funded reinsurance scrutiny escalates
UK life insurers including Legal & General Group PLC (LSE:LGEN) and Aviva plc are facing heightened scrutiny from the Prudential Regulatory Authority over their use of funded reinsurance (Funded Re) deals. The PRA worries that the current growth in Funded Re transactions by UK life insurers could cause a build-up of risk in the sector which could ultimately affect policyholders.
Aviva fund managers express preference for equities over bonds
Disinflation and political risk are the two key themes driving market movements, according to the latest quarterly update from Aviva Investors. "We expect the next 12 months to be somewhat of a tug-of-war for markets, as the disinflation process slows, while political risks rise," says Michael Grady, head of investment strategy and chief economist at the asset manager.
Aviva takes 7.7% stake in 'Melrose Mark II' Rosebank
Aviva PLC (LSE:AV.) has confirmed it is one of the cornerstone backers of Rosebank Industries, the new investment vehicle of six former Melrose executives.
