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Aviva plc (AVVIY) Q1 2026 Sales/Trading Call Transcript
2026-05-16 · via All Articles on Seeking Alpha

Aviva plc (AVVIY) Q1 2026 Sales/Trading Call May 13, 2026 8:00 PM EDT

Company Participants

Amanda Blanc - Group CEO & Executive Director
Charlotte Jones - Group CFO & Executive Director

Conference Call Participants

Farooq Hanif - JPMorgan Chase & Co, Research Division
Andrew Baker - Goldman Sachs Group, Inc., Research Division
Thomas Bateman - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Nasib Ahmed - UBS Investment Bank, Research Division
Andrew Crean - Bernstein Autonomous LLP
Larissa van Deventer - Barclays Bank PLC, Research Division
Fahad Changazi - Kepler Cheuvreux, Research Division
William Hawkins - Keefe, Bruyette, & Woods, Inc., Research Division
Abid Hussain - Panmure Liberum Limited, Research Division

Presentation

Operator

I would now like to hand the conference over to Aviva's Group CEO, Amanda Blanc.

Amanda Blanc
Group CEO & Executive Director

Thank you very much. Good morning, everyone, and welcome to Aviva's first quarter update. As usual, I'll give a short overview and then hand over to Charlotte to give you the details before we move to questions. Aviva has delivered another quarter of strong trading and profitable growth across the group, once again demonstrating the benefits of our diversified capital-light model against the backdrop of global market volatility. Let me just share a few highlights. In General Insurance, premiums are up 19% with an improved combined operating ratio. This shows our ability to effectively manage through the cycle and get ahead of emerging inflationary impact. In U.K. General Insurance, strong premium growth has been driven by the addition of Direct Line and underlying performance in U.K. Personal Lines. In Canada, our new management team is building momentum with growth across Personal Lines and Commercial Lines. And in Wealth, where we are the #1 player, we secured GBP 3.3 billion of net flows, up 49% year-on-year, and flows have continued to be strong since the end of Q1. On strategic delivery, we are making excellent progress on the Direct Line integration and remain firmly on track to meet our