Aviva plc
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in mil. unless spec.Company Description
- CEO
- Amanda Blanc
- Full Time Employees
- 39,359
- Sector
- Financial Services
- Industry
- Insurance - Diversified
- Address
- 80 Fenchurch Street London GL United Kingdom EC3M 4AE
- IPO Date
- Oct 20, 2009
- Website
- aviva.com
- Similar Companies
- Business
- Aviva plc is a British multinational insurance company headquartered in London, England, specializing in general and life insurance, long-term savings products, and asset management services. The company offers a comprehensive range of insurance and financial products including personal and commercial general insurance, life insurance, retirement savings, annuities, protection products, investment management through its Aviva Investors division, and health insurance. Aviva operates primarily in the United Kingdom, Ireland, and Canada, where it is the largest general insurer and a leading life and pensions provider in the UK, and the second largest general insurer in Canada. The group serves around 25 million customers and manages over £250 billion in assets. Recent major changes include Aviva's acquisition of Direct Line Group for £3.7 billion, completed in July 2025, which significantly expands its footprint in general insurance and supports its strategic shift towards a more capital-light business model, with the capital-light operating profit expected to exceed 70%. Other recent acquisitions include AIG Life Limited in London and the Canadian vehicle replacement insurance business Optiom. The company continues to focus on digital transformation with substantial investments in technology to enhance customer experience and improve operational efficiency, having allocated approximately £300 million towards IT and digital initiatives in 2023. Aviva has also divested non-core operations in various countries over the last few years to streamline its portfolio and concentrate on profitable segments. Founded in 1696, Aviva maintains a robust presence in the life insurance, general insurance, wealth management, and retirement sectors, targeting individual consumers, businesses, and institutional clients. The company has approximately 23,000 employees globally and sustains strong financial performance, with 2024 revenues around £37 billion and a strong solvency ratio above regulatory requirements, underscoring its financial stability and operational discipline. Its subsidiaries include Aviva Insurance and Aviva Investors in the UK, Aviva Canada, Aviva Direct in Ireland, and operations across Asia and Europe, led by a strategic focus on customer-centric, innovative insurance and investment solutions.
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