beneath the headline numbers is disciplined execution on combined ratios and flows.The DC default move into private assets is culturally significant—it changes how teams think about liquidity and member outcomes and opens interesting problems for analysts and product managers.
Investors have rewarded Aviva’s delivery
GI anchors the UK franchise while the wealth business passes £200bn AUA. Aviva is leaning into home‑market scale, synergy from Direct Line, and modern tooling in pricing and claims. The pensions platform is widening access to private assets through partnerships.The model blends steady cash generation with selective investment and strong solvency.
