LONDON (Reuters) – British insurer Aviva will return 4.75 billion pounds ($6.31 billion) to shareholders, it said on Wednesday, as it reported a 10% drop in 2021 operating profit.
Aviva had previously said it would give back at least four billion pounds to investors following a string of disposals. Activist investor Cevian has sought five billion pounds in a cash return by the end of 2022.
Operating profit from continuing operations was 1.63 billion pounds, hurt by weaker performance in the insurer’s UK life business.
($1 = 0.7530 pounds)
(Reporting by Carolyn Cohn; editing by John O’Donnell)
