- £300mn share buyback and higher dividend
- Enters the Lloyd's market again
In a possible sign that its executives are enjoying life without the attentions of activist investors, Aviva (AV.) treated shareholders to another £300mn buyback, plus an uprated outlook for its dividend, as hardening rates combined to boost its organic capital generation. The £8.8bn surplus it currently has above its solvency II regulatory requirements meant funding both the dividend and the buyback was straightforward for the full-line insurer.