Aviva 2006 Annual Report Download - page 7
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Aviva plc
Annual Report and Accounts 2006 3
Strengths and highlights
We have a balanced portfolio that benefits from diversification of distribution, products and geography
We have achieved strong growth in sales and profits across our worldwide portfolio of businesses
We have completed the purchase of AmerUs in the United States, giving us greater access to the world’s
largest savings market
We have commenced significant new bancassurance partnerships in Ireland (with Allied Irish Banks)
and in India (with Centurion Bank of Punjab)
Our European and International businesses have announced their confidence in achieving average annual
sales growth†of at least 10% over the next five years, while growing profits‡at least as quickly
We outlined plans to deliver £250 million of annualised cost savings by the end of 2007 across our UK businesses,
at a one-off cost of £250 million
The integration of RAC was completed on time and we met our 2006 cost saving targets
£2,977m
(2005: £2,528m)
2004 2005 2006
Worldwide sales
~
£41.5bn
(2005: £35.9bn)
Full year dividend
30.00p
(2005: 27.27p)
Equity shareholders’ funds
≈
£17.5bn
(2005: £14.9bn)
EEV operating profit
≠
£3,245m
(2005: £2,904m)
Return on equity shareholders’ funds
#
13.1%
(2005: 15.0%)
£m
3,000
2,000
1,000
0
2004 2005 2006 2004 2005 2006
£m
4,000
3,000
2,000
1,000
0
%
15.0
10.0
5.0
0
2004 2005 2006
£bn
50.0
40.0
30.0
20.0
10.0
0
2004 2005 2006
Pence
30.00
20.00
10.00
0
2004 2005 2006
£bn
20.0
15.0
10.0
5.0
0
IFRS profit before tax attributable
to shareholders
†Our growth ambition is an annual average growth after minority interests and before acquisitions, from 2006 to 2010 inclusive, and assuming no major changes
in economic conditions.
‡New business contribution after required capital, tax and minority interest.
≠From continuing operations, including long-term savings result on a European Embedded Value (EEV) basis before adjusting items.
# Return based on opening equity shareholders’ funds on an EEV basis.
~From continuing operations, including share of associates’ premiums.
≈On an EEV basis.