Aviva PLC (OTCPK:AVVIY)
$ 11.72 -0.02 (-0.17%) Market Cap: 15.56 Bil Enterprise Value: 2.71 Bil PE Ratio: 9.97 PB Ratio: 1.35 GF Score: 68/100

Q1 2021 Aviva PLC Trading Update Call Transcript

May 27, 2021 / 07:30AM GMT
Release Date Price: $15.51 (+3.69%)
Operator

Welcome to Aviva Plc's Q1 2021 Trading Update. Please let me hand you over to Amanda Blanc, Group Chief Executive Officer.

Amanda Jayne Blanc
Aviva plc - Group CEO & Director

Good morning, everyone. I hope you are all well, and welcome to Aviva's Q1 2021 Trading Update. I'm going to start with a brief overview of our first quarter performance, and then I'll hand over to Jason, who will go through more of the detail. I'm pleased to report, we made good progress in the first quarter across each of our strategic priorities, and this is building our confidence in Aviva's ability to deliver improved performance and stronger returns for our shareholders. First, we said we would focus the portfolio, and we have. We've been decisive and moved the pace to simplify Aviva, selling 8 noncore businesses, which will generate total cash proceeds of GBP 7.5 billion on favorable computed. And this will be the conclusion of the divestment part of the strategy that I announced in August last year.

More specifically, we have completed the disposals of Aviva Vita in

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