Aviva has reported group operating profit of £1.07bn ($1.4bn) for the first half of 2025 (H1 2025), up 22% from £875m in the same period last year.  

The company said that 66% of its operating profit came from “capital-light” businesses.   

IFRS profit for the period also increased, amounting to £819m in H1 2025, compared to £654m in the prior year.  

Additionally, Aviva reported improvements in both Solvency II return on equity, which is now at 16.7%, and IFRS return on equity, at 20.6%. 

The insurer also declared a 10% rise in its interim dividend per share to 13.1p. 

Aviva completed its acquisition of Direct Line on 1 July, but its first-half financials are not yet consolidated into Aviva’s results. 

Direct Line’s performance was reported to be stable, with both motor and non-motor premiums remaining constant at £1.34bn and £500m, respectively.  

Direct Line’s Net Insurance Margin showed improvement, increasing by 7.6 percentage points to 9.4%. 

Sales in the insurance, wealth and retirement sector have grown by 9% to £21.5bn and General Insurance premiums have seen a 7% increase to £6.29bn.  

UK and Ireland general insurance premiums increased by 9% to £4.14bn, with personal lines premiums logging 3% growth. 

This growth was supported by intermediary channels including a travel partnership with Nationwide.  

UK commercial lines premiums increased by 15%, attributed to pricing actions, new business and the acquisition of Probitas. 

Canadian general insurance premiums grew by 4% to £2.14bn (C$4bn), with 9% growth in personal lines driven by pricing actions.  

The health segment of Aviva’s business saw a 14% increase in in-force premiums, which have now reached £1bn. 

Protection sales decreased by 16% following the consolidation of offerings after an acquisition from AIG. 

Aviva has set its sights on reaching operating profit of £2bn by 2026 and more than £5.8bn in cumulative cash remittances between 2024 and 2026.