Balance Sheet Aviva plc

Equities

AV.

GB00BPQY8M80

Life & Health Insurance

Real-time Estimate Cboe Europe Other stock markets 09:12:00 19/09/2024 BST			5-day change	1st Jan Change
494.50 ^GBX	+0.96%		-0.10%	+13.27%

09-18	Goldman Sachs likes Aviva, cuts Phoenix Group	AN
09-13	Aviva to Accept GBP500 Million of 2036 Notes for Repurchase	MT

2b0388943ea94.bLelGXLpIGJjKPwkYzzfSy0UsdGQYIJ0AjK66FosAYA.OeDoTDiadQBQd61VE3-GEVxa8ubHJNVZSwD7mW14Xs4-guZOQIV1LAd7pQ

Published financial data: AVIVA PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	27.47B	25.25B	14.39B	14.98B	18.5B
Total Interest And Dividend Income	-12.15B	2.36B	-6.85B	25.39B	40M
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-	-10M
Gain (Loss) on Sale of Investments, Total (Rev)	28.94B	10.41B	7.63B	-46.78B	15.29B
Other Revenues, Total	2.14B	1.95B	1.49B	1.45B	-12.25B
Total Revenues	46.4B	39.97B	16.66B	-4.96B	21.57B
Policy Benefits	28.8B	27.68B	10.79B	-9.14B	16.98B
Policy Acquisition / Underwriting Costs, Total	3.67B	3.7B	3.02B	3.37B	-
Salaries And Other Employee Benefits	23M	17M	13M	20M	25M
Other Operating Expenses	8.76B	4.42B	2.59B	2.29B	2.05B
Reinsurance Income Or Expense	-511M	-462M	-151M	-117M	-
Total Operating Expenses	41.76B	36.28B	16.56B	-3.34B	19.05B
Operating Income	4.64B	3.69B	97M	-1.62B	2.52B
Interest Expense, Total	-473M	-469M	-427M	-369M	-376M
Income (Loss) on Equity Invest.	85M	27M	146M	-2M	-71M
Currency Exchange Gains (Loss)	-345M	-176M	9M	777M	55M
Other Non Operating Income (Expenses)	-80M	-67M	-114M	-81M	-78M
EBT, Excl. Unusual Items	3.82B	3.01B	-289M	-1.3B	2.05B
Restructuring Charges	-	-	-	-	-
Total Merger & Related Restructuring Charges	-	-	-	-7M	-61M
Impairment of Goodwill	-6M	-17M	-	-	-
Gain (Loss) on Sale of Assets	36M	17M	22M	-	-
Asset Writedown	80M	-394M	1.07B	-1.15B	-301M
Other Unusual Items	-2M	-	-	77M	-
EBT, Incl. Unusual Items	3.93B	2.61B	801M	-2.38B	1.69B
Income Tax Expense	1.27B	571M	465M	-1.24B	584M
Earnings From Continuing Operations	2.66B	2.04B	336M	-1.14B	1.11B
Earnings Of Discontinued Operations	-	868M	1.7B	-	-
Net Income to Company	2.66B	2.91B	2.04B	-1.14B	1.11B
Minority Interest	-115M	-112M	-70M	-21M	-21M
Net Income - (IS)	2.55B	2.8B	1.97B	-1.16B	1.08B
Preferred Dividend and Other Adjustments	51M	44M	17M	34M	51M
Net Income to Common Incl Extra Items	2.5B	2.75B	1.95B	-1.19B	1.03B
Net Income to Common Excl. Extra Items	2.5B	1.89B	249M	-1.19B	1.03B
Per Share Items
Net EPS - Basic	0.84	0.92	0.66	-0.38	0.38
Basic EPS - Continuing Operations	0.84	0.63	0.08	-0.38	0.38
Basic Weighted Average Shares Outstanding	2.97B	2.98B	2.96B	3.13B	2.74B
Net EPS - Diluted	0.83	0.92	0.65	-0.38	0.37
Diluted EPS - Continuing Operations	0.83	0.63	0.08	-0.38	0.37
Diluted Weighted Average Shares Outstanding	3.01B	3B	2.98B	3.13B	2.78B
Normalized Basic EPS	0.77	0.59	-0.08	-0.27	0.46
Normalized Diluted EPS	0.76	0.59	-0.08	-0.27	0.45
Dividend Per Share	0.2	0.28	0.29	0.31	0.33
Payout Ratio	48.82	10.01	57.32	-74.31	85.62
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	4.95B	3.99B	264M	-1.45B	2.54B
EBITA	4.85B	3.89B	242M	-1.48B	2.52B
EBIT	4.64B	3.69B	97M	-1.62B	2.52B
Total Revenues (As Reported)	70.25B	46.57B	33.18B	-21.24B	-
Effective Tax Rate - (Ratio)	32.29	21.85	58.05	52.12	34.56
Total Current Taxes	883M	584M	261M	54M	292M
Total Deferred Taxes	387M	-13M	204M	-1.29B	292M
Normalized Net Income	2.28B	1.77B	-251M	-830M	1.26B
Interest on Long-Term Debt	443M	454M	414M	351M	307M
Non-Cash Pension Expense	-54M	-6M	-8M	-22M	-17M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	62M	37M	47M	58M	61M
Total Stock-Based Compensation	62M	37M	47M	58M	61M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	199B	203B	133B	104B	114B
Investment In Equity and Preferred Securities, Total	101B	102B	96.94B	87.58B	93.92B
Trading Asset Securities, Total	7.1B	9.72B	5.73B	4.92B	-
Real Estate Owned	11.2B	11.37B	7B	5.9B	6.23B
Mortgage Loans	21.55B	22.07B	21.68B	17.51B	17.4B
Policy Loans	1M	637M	14M	14M	-
Total Other Investments	37.92B	38.42B	30.81B	29.6B	39.37B
Total investments	378B	387B	295B	249B	271B
Cash And Equivalents	19.52B	16.9B	12.48B	22.5B	17.27B
Reinsurance Recoverable - (IS)	12.36B	13.34B	15.03B	13.06B	12.42B
Other Receivables - (Insurance Template)	26.16B	30.5B	23.2B	18.5B	18.1B
Deferred Policy Acquisition Costs - (BS)	3.16B	3.26B	2.72B	2.59B	788M
Gross Property Plant And Equipment	-	1.86B	1.42B	1.38B	1.51B
Accumulated Depreciation	-	-1.1B	-989M	-1.03B	-1.08B
Net Property Plant And Equipment	889M	768M	428M	350M	424M
Goodwill	1.86B	1.8B	1.74B	2.07B	2.1B
Other Intangibles, Total	884M	710M	606M	694M	266M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	12.66B	20.48B	2.37B	2.82B	4.14B
Deferred Tax Assets Long-Term (Collected)	151M	119M	138M	611M	958M
Other Long-Term Assets, Total	4.75B	4.57B	4.31B	2.82B	1.56B
Total Assets	460B	480B	358B	315B	329B
Liabilities
Accrued Expenses, Total	-	-	-	-	2.07B
Insurance And Annuity Liabilities	159B	162B	124B	102B	122B
Unpaid Claims	-	-	-	-	-
Unearned Premiums	-	-	-	-	-
Reinsurance Payable - (BS)	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	506M	278M	-
Current Portion of Leases	89M	152M	67M	70M	77M
Short-Term Borrowings	238M	108M	50M	252M	51M
Long-Term Debt	8.8B	9.58B	6.79B	6.22B	6.32B
Long-Term Leases	483M	381M	405M	316M	295M
Current Income Taxes Payable	569M	114M	35M	40M	15M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	25.74B	37.48B	16.43B	14.36B	14.52B
Unearned Revenue Non Current	-	-	-	-	78M
Pension & Other Post Retirement Benefits	1.56B	1.44B	485M	360M	410M
Deferred Tax Liability Non-Current	2.16B	1.83B	1.98B	825M	453M
Other Non Current Liabilities	243B	246B	188B	178B	173B
Total Liabilities	441B	459B	339B	302B	319B
Preferred Stock Non Redeemable	200M	200M	200M	200M	200M
Total Preferred Equity	200M	200M	200M	200M	200M
Common Stock, Total	980M	982M	941M	924M	901M
Additional Paid In Capital	1.24B	1.24B	1.25B	1.26B	17M
Retained Earnings	5.06B	7.47B	7.56B	327M	2.23B
Treasury Stock	-7M	-6M	-51M	-85M	-87M
Comprehensive Income and Other	10.23B	9.67B	9.31B	9.96B	6.02B
Total Common Equity	17.51B	19.35B	19B	12.38B	9.08B
Minority Interest	977M	1.01B	252M	310M	318M
Total Equity	18.68B	20.56B	19.45B	12.9B	9.6B
Total Liabilities And Equity	460B	480B	358B	315B	329B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.98B	2.98B	2.85B	2.79B	2.72B
ECS Total Common Shares Outstanding	2.98B	2.98B	2.85B	2.79B	2.72B
Book Value / Share	5.88	6.49	6.66	4.44	3.34
Tangible Book Value	14.77B	16.84B	16.66B	9.62B	6.72B
Tangible Book Value Per Share	4.96	5.64	5.84	3.45	2.47
Total Debt	9.61B	10.22B	7.82B	7.14B	6.75B
Net Debt	-9.91B	-6.68B	-4.67B	-15.36B	-10.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-1.98B	-2.03B	-2.27B	-832M	-407M
Minority Interest, Total (Incl. Fin. Div)	977M	1.01B	252M	310M	318M
Equity Method Investments, Total	1.49B	1.95B	1.77B	1.79B	1.35B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	115M	75M	70M	69M
Full Time Employees	31.18K	28.6K	22.06K	24.36K	26.38K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.55B	2.8B	1.97B	-1.16B	1.08B
Depreciation, Depletion & Amortization	98M	103M	74M	57M	67M
Amortization of Goodwill and Intangible Assets - (CF)	212M	194M	145M	142M	1.8M
Total Depreciation, Depletion & Amortization	310M	297M	219M	199M	68.8M
(Gain) Loss On Sale of Asset - (CF)	-36M	-13M	10M	8M	10M
(Gain) Loss on Sale of Investments - (CF)	-28.62B	-10B	-7.51B	46.89B	-11.86B
Total Asset Writedown	-50M	458M	-1.06B	1.08B	301M
Deferred Policy Acquisition Costs - (CF)	-244M	-109M	-90M	167M	70M
Amort. Of Deferred Policy Acq. Costs - (CF)	180M	129M	114M	102M	0
(Income) Loss On Equity Investments - (CF)	-4M	30M	-114M	49M	152M
Stock-Based Compensation (CF)	62M	37M	24M	58M	61M
Reinsurance Recoverable - (CF)	-1.14B	-1.38B	-1.71B	2.05B	-424M
Change in insurance Reserves / Liabilities	32.54B	16.92B	16.33B	-38.06B	22.22B
Change in Other Net Operating Assets (Collected)	-435M	2.34B	-3.7B	-5.46B	-854M
Net Cash From Discontinued Operations	-	102M	3.08B	-	-
Other Operating Activities	859M	-14.2B	-7.34B	9.96B	-13.57B
Cash from Operations	5.97B	-2.58B	220M	15.88B	-2.73B
Capital Expenditure	-84M	-97M	-86M	-16M	-149M
Sale of Property, Plant, and Equipment	4M	3M	159M	35M	-
Cash Acquisitions	-19M	-11M	-	-275M	-
Divestitures	12M	12M	23M	-	-
Purchase / Sale of Intangible Assets	-63M	-72M	-22M	-83M	-201M
Other Investing Activities, Total	-	147M	-	-	-
Cash from Investing	-150M	-18M	74M	-339M	-350M
Long-Term Debt Issued, Total	580M	966M	229M	659M	941M
Total Debt Issued	580M	966M	229M	659M	941M
Long-Term Debt Repaid, Total	-927M	-1B	-2.27B	-1.62B	-1.24B
Total Debt Repaid	-927M	-1B	-2.27B	-1.62B	-1.24B
Issuance of Common Stock	27M	3M	6M	513M	8M
Repurchase of Common Stock	-9M	-2M	-732M	-4.16B	-376M
Common Dividends Paid	-1.23B	-263M	-1.11B	-845M	-912M
Preferred Dividends Paid	-17M	-17M	-17M	-17M	-17M
Common & Preferred Stock Dividends Paid	-1.24B	-280M	-1.13B	-862M	-929M
Other Financing Activities, Total	-617M	-570M	-510M	-471M	-221M
Cash from Financing	-2.19B	-888M	-4.4B	-5.94B	-1.82B
Foreign Exchange Rate Adjustments	-245M	236M	-196M	93M	-22M
Net Change in Cash	3.38B	-3.25B	-4.3B	9.7B	-4.92B
Supplemental Items
Cash Interest Paid	553M	536M	489M	450M	206M
Cash Income Tax Paid (Refund)	549M	1.04B	304M	210M	68M
Net Debt Issued / Repaid	-347M	-39M	-2.04B	-958M	-302M
Levered Free Cash Flow	795M	1.76B	2.59B	-1.27B	-64.95M
Unlevered Free Cash Flow	1.09B	2.05B	2.86B	-1.04B	170M
Change In Net Working Capital	2.21B	548M	-2.53B	291M	1.19B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.65	0.49	0.01	-0.3	0.49
Return on Total Capital	10.32	7.81	0.21	-4.28	9.35
Return On Equity %	14.34	10.41	1.68	-7.04	11.16
Return on Common Equity	14.35	10.23	1.3	-7.61	11.01
Margin Analysis
Gross Profit Margin %	30.02	21.48	17.09	-16.26	21.3
SG&A Margin	0.05	0.04	0.08	-0.4	0.12
EBITDA Margin %	10.66	9.98	1.58	29.3	11.79
EBITA Margin %	10.45	9.72	1.45	29.79	11.7
EBIT Margin %	10	9.24	0.58	32.65	11.69
Income From Continuing Operations Margin %	5.74	5.11	2.02	22.95	5.13
Net Income Margin %	5.49	7	11.8	23.38	5.03
Net Avail. For Common Margin %	5.38	4.72	1.49	24.06	4.79
Normalized Net Income Margin	4.9	4.42	-1.5	16.73	5.85
Levered Free Cash Flow Margin	1.71	4.4	15.55	25.68	-0.3
Unlevered Free Cash Flow Margin	2.35	5.14	17.16	21.03	0.79
Asset Turnover
Asset Turnover	0.1	0.09	0.04	-0.01	0.07
Fixed Assets Turnover	64.57	48.25	27.86	-12.76	55.74
Short Term Liquidity