Join our community of smart investors

Aviva ready for new buybacks

Organic capital generation means more buybacks are in the pipeline
August 10, 2022
  • Cash generation nears £800mn
  • Dividend guidance confirmed through to 2023

Aviva (AV.) seems to be going to great lengths to placate its shareholders, particularly its Sweden-based activist Cevian, by promising a new round of share buybacks after completing a £4.75bn giveaway in the aftermath of a long series of disposals under chief executive Amanda Blanc’s leadership. In contrast to the last share buyback being funded by the fire sale of most of its non-UK assets, the next round – the exact amount of which will be clarified at the full-year results – will be funded by Aviva’s own organic cash generation.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in