Aviva 2007 Annual Report Download - page 16
Download and view the complete annual report
Please find page 16 of the 2007 Aviva annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1
-
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
We made good progress in 2007 against priorities set out in last year’s Annual Report.
Some of our achievements are detailed below, under our strategic priorities, and some
covered in the regional sections, where we also describe our regional growth/profitability
targets. We have also set out below the measures that we use to assess our success in
achieving our group strategic priorities and what we plan to do in 2008.
Aviva plc
Annual Report and
Accounts 2007
12
Business
review
Business review continued:
Group strategy continued
– The composite model allows us to focus on
areas of the business where we can grow
profitably at any given time. In 2007 we actively
managed the composite portfolio by:
– Restructuring our UK GI business
– Extending our life and pensions footprint
in North America and Asia, building on
strong foundations
– Taking steps to maintain our number 1
position in European Life and Pensions
– Manage GI for value and cash flow
– Drive rapid profitable growth and long term
value creation from the life and pensions
business
– Build asset management globally (see below)
2007 Progress
What we achieved in 2007 against
these priorities
2007 Measurement/KPIs
How we measure progress against
each strategic priority
2008 Priorities
What we are focused on in 2008
Manage composite portfolio:
– Hired Alain Dromer, with a mandate to create
and lead a global asset management operation
– Announced Aviva Investors, designed to
capitalise on the existing strengths of Aviva’s
asset management businesses around
the world
– Funds under management grew by 10%
in 2007
– Continued to build our core product range
by leveraging expertise in specialist areas such
as asset allocation and alternatives
– Launch Aviva Investors as the global asset
management arm of Aviva, under unified
management
– Adapt our investment capabilities to long
lasting market trends
– Foster improved performance, through global
sharing of knowledge and information
– Develop solutions matching client needs
through bundling capabilities and services
throughout the group
– Invest in new growth opportunities including
new clients and new markets, e.g. China
2007 Progress
What we achieved in 2007 against
these priorities
2007 Measurement/KPIs
How we measure progress against
each strategic priority
2008 Priorities
What we are focused on in 2008
Build global asset management:
0
20
Asset Management
GI & Health
Long-term business
40
80
100
60
%
* Excludes corporate costs, other operations and group debt costs
IFRS operating profit split by business line*
2004
1%
58%
41%
2005
5%
61%
34%
2007
5%
37%
58%
2006
5%
53%
42%
0
100
50
200
250 287
316
300
150
2006 2007
£bn
Funds under management*
* Funds managed or administered by the Group's fund
management operations