Nov 30, 2017
Aviva raises growth targets but stops short of share buybacks
Aviva on Thursday pushed up its growth targets and dividend promises, but stopped short of announcing the big share buyback that some investors were expecting. Aviva also increased its earnings growth targets, addressing investors' concerns about the insurer's ability to increase its profits. The insurer said it would aim for earnings growth of "Higher than mid single digits" from 2019 onwards. Shares in the insurer have lagged behind those of rivals in recent years, partly because of doubts over Aviva's growth. At the investor day, Aviva highlighted opportunities to expand in the UK and France and also its progress on digital investments.
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