Aviva’s diversified business model pays off
Hugh Fairclough, Partner and Head of Financial Services at RSM UK, comments on Aviva’s full-year results: “Aviva has simplified its portfolio, exited non-core markets and executed targeted growth with discipline. The completion of the Direct Line Group acquisition ahead of schedule, plus its acquisition of Lloyds Probitas, highlights Aviva’s ability to execute quickly and at scale, with annual cost synergies running ahead of plan at £225m.
“These results highlight resilience through diversification. The UK motor market remains cyclical - with premiums down around 13% year-on-year and claims inflation elevated, as well as risks around autonomous vehicles. But Aviva's Life, Wealth and Canada businesses provide meaningful balance sheet and earnings stability that motor-concentrated peers lack.
“The wider industry story remains one of rational consolidation and diversification, and Aviva has already shown both the appetite and capability to lead that shift. It’s clear that Aviva’s strategy is delivering and that the next phase is about sustainable growth, greater earnings quality and continued capital strength.”