Aviva (LSE:AV.) said its Q1 2026 trading update confirms the group is on course to meet its stated 2026 targets and guidance.
General Insurance gross written premiums rose 19% to £3.4bn year‑on‑year, and the group's undiscounted combined operating ratio improved 2.5 percentage points to 94.1%.
Wealth net flows increased 49% to £3.3bn, representing c.6% of opening AUM, with workplace net flows up 71% and platform flows up 24%, while Assets under Management were reported at £233bn.
Retirement new business sales were £1.1bn, down 35% with BPA volumes lower year‑on‑year, protection sales were £88m, and health in‑force premiums grew 9%, albeit with lower health sales in consumer and SME channels.
Aviva reported an estimated Solvency II shareholder cover ratio of 171% after Q1 capital movements, said it has delivered c.£150m of Direct Line capital synergies to date and expects >£350m of Direct Line capital synergies by year-end, which would push solvency above its 160-180% target range.
"We have delivered another quarter of strong trading, building momentum in 2026," Amanda Blanc, Group Chief Executive Officer, said.
