Key facts
- UK and Ireland general insurance premiums rose 27% to £8.5 billion, helped by the Direct Line acquisition, Aviva said.
- Aviva said it expects around £2.3 billion of cash remittances in 2026 and a Solvency II cover ratio in the high-180s by year-end.
- Aviva said it targets more than £7 billion of cumulative cash remittances between 2026 and 2028.
- Aviva said it targets around £130 million of cumulative run-rate cost synergies from integrating Direct Line by the end of 2026.
- Aviva said more than £350 million of remaining capital synergies from the Direct Line integration are targeted by the end of 2026.
- Chief executive Amanda Blanc said the results showed the benefits of Aviva's diversified model.
Aviva reported a 31% rise in wealth net flows to £10.9 billion for the first nine months of 2026, alongside a 19% increase in general insurance premiums to £11.8 billion, the UK insurer and wealth group said on November 13.
UK and Ireland general insurance premiums rose 27% to £8.5 billion, which Aviva attributed partly to the Direct Line acquisition and growth in personal lines. The company said its undiscounted combined operating ratio, a measure of underwriting profitability where a lower figure means better results, fell to 93.8% from 94.4%. Wealth assets under management rose 19% to £267 billion, with Aviva pointing to its workplace and platform businesses.
Aviva said its Solvency II shareholder cover ratio, a measure of capital strength, improved to 179% from 176% at the half-year, supported by capital generation. It said it maintained expectations for 2026 operating earnings per share growth broadly in line with its 11% target, and that it remains on track for more than £7 billion of cumulative cash remittances between 2026 and 2028, including around £2.3 billion in 2026. It said it expects a Solvency II cover ratio in the high-180s by year-end.
On the Direct Line integration, Aviva said it targets around £130 million of cumulative run-rate cost synergies and more than £350 million of remaining capital synergies by the end of 2026. Chief executive Amanda Blanc said the performance demonstrated the benefits of Aviva's diversified model and pointed to growth across general insurance and wealth.