Aviva 2007 Annual Report Download - page 2
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Achieved strong growth in sales and profits across our worldwide portfolio of businesses
despite experiencing the worst UK floods in 60 years
Introduced a regional management structure and set out medium term growth targets
Completed the integration of our businesses in the USA and Ireland
Achieved ratings upgrades in our US life business from AM Best and Standard & Poors
Achieved savings of £250 million in the UK life and general insurance businesses
Gained access to over 50 million potential new customers through bancassurance deals
Completed a merger in Turkey, creating Aviva SA, which will contribute to growth in central
and eastern Europe
The year’s achievements
5000
0
500
2006: £2,609m
1,000
1,500
2,000
2,500
2004 2005 2006 2007
1
2.0
1.5
0
500
1,500
2,000
1,000
2,500
2004 2005 2006 2007
10
0
30
40
50
60
70
80
90
20
£m
£m
times
£m
£bn
pence
pence
£bn
%
£2,228m
IFRS operating profit before tax
0
2006: £3,251m
500
1,000
2,000
2,500
1,500
2004 2005 2006 2007
3,000
£3,286m
EEV operating profit before tax*
2006: £2,389m
£1,505m
IFRS total return after tax
0
2006: £41.5bn
10
20
30
40
2004 2005 2006 2007
50
£49.2bn
Worldwide sales†
0
2006: 30.00p
* 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.
10
20
2004 2005 2006 2007
30
33.00p
Full year dividend
00
2
4
6
8
10
12
14
2006: £17.5bn
5
10
2004 2005 2006 2007
20
15
£20.3bn
Equity shareholders’ funds‡
Equity shareholders funds (£bn)
Return on equity
shareholders funds (%)**
IFRS total return after tax (£m)
EPS (pence)
IFRS (£m)
Dividend cover
Target (%)**