Balance Sheet Aviva plc

Equities

AV.

GB00BPQY8M80

Life & Health Insurance

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190893daafacd2d3.7704rZWRe1b9w4BDwURaprfAeTjKORBanu-FR-qxni0.m-19xqP0ChKru8MAsD0KlYSUK32ff39ppqvMFNPf-H_ayHWd29gtPam5wQ

Published financial data: AVIVA PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	25.25B	14.39B	14.98B	18.5B	20.75B
Total Interest And Dividend Income	2.36B	-6.85B	25.39B	40M	6.69B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	-10M	-
Gain (Loss) on Sale of Investments, Total (Rev)	10.41B	7.63B	-46.78B	15.29B	11.02B
Other Revenues, Total	1.95B	1.49B	1.45B	-12.25B	-15.71B
Total Revenues	39.97B	16.66B	-4.96B	21.57B	22.74B
Policy Benefits	27.68B	10.79B	-9.14B	16.98B	18.93B
Policy Acquisition / Underwriting Costs, Total	3.7B	3.02B	3.37B	-	-
Salaries And Other Employee Benefits	17M	13M	20M	25M	23M
Other Operating Expenses	4.42B	2.59B	2.29B	2.05B	1.97B
Reinsurance Income Or Expense	-462M	-151M	-117M	-	-
Total Operating Expenses	36.28B	16.56B	-3.34B	19.05B	20.92B
Operating Income	3.69B	97M	-1.62B	2.52B	1.82B
Interest Expense, Total	-469M	-427M	-369M	-376M	-372M
Income (Loss) on Equity Invest.	27M	146M	-2M	-71M	136M
Currency Exchange Gains (Loss)	-176M	9M	777M	55M	-166M
Other Non Operating Income (Expenses)	-67M	-114M	-81M	-78M	-96M
EBT, Excl. Unusual Items	3.01B	-289M	-1.3B	2.05B	1.32B
Restructuring Charges	-	-	-	-	-
Total Merger & Related Restructuring Charges	-	-	-7M	-61M	-217M
Impairment of Goodwill	-17M	-	-	-	-
Gain (Loss) on Sale of Assets	17M	22M	-	-	191M
Asset Writedown	-394M	1.07B	-1.15B	-301M	-29M
Other Unusual Items	-	-	77M	-	-
EBT, Incl. Unusual Items	2.61B	801M	-2.38B	1.69B	1.27B
Income Tax Expense	571M	465M	-1.24B	584M	562M
Earnings From Continuing Operations	2.04B	336M	-1.14B	1.11B	705M
Earnings Of Discontinued Operations	868M	1.7B	-	-	-
Net Income to Company	2.91B	2.04B	-1.14B	1.11B	705M
Minority Interest	-112M	-70M	-21M	-21M	-22M
Net Income - (IS)	2.8B	1.97B	-1.16B	1.08B	683M
Preferred Dividend and Other Adjustments	44M	17M	34M	51M	50M
Net Income to Common Incl Extra Items	2.75B	1.95B	-1.19B	1.03B	633M
Net Income to Common Excl. Extra Items	1.89B	249M	-1.19B	1.03B	633M
Per Share Items
Net EPS - Basic	0.92	0.66	-0.38	0.38	0.24
Basic EPS - Continuing Operations	0.63	0.08	-0.38	0.38	0.24
Basic Weighted Average Shares Outstanding	2.98B	2.96B	3.13B	2.74B	2.68B
Net EPS - Diluted	0.92	0.65	-0.38	0.37	0.23
Diluted EPS - Continuing Operations	0.63	0.08	-0.38	0.37	0.23
Diluted Weighted Average Shares Outstanding	3B	2.98B	3.13B	2.78B	2.72B
Normalized Basic EPS	0.59	-0.08	-0.27	0.46	0.3
Normalized Diluted EPS	0.59	-0.08	-0.27	0.45	0.3
Dividend Per Share	0.28	0.29	0.31	0.33	0.36
Payout Ratio	10.01	57.32	-74.31	85.62	142.31
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	3.99B	264M	-1.45B	2.54B	1.98B
EBITA	3.89B	242M	-1.48B	2.52B	1.95B
EBIT	3.69B	97M	-1.62B	2.52B	1.82B
Total Revenues (As Reported)	46.57B	33.18B	-21.24B	-	-
Effective Tax Rate - (Ratio)	21.85	58.05	52.12	34.56	44.36
Total Current Taxes	584M	261M	54M	292M	182M
Total Deferred Taxes	-13M	204M	-1.29B	292M	380M
Normalized Net Income	1.77B	-251M	-830M	1.26B	804M
Interest on Long-Term Debt	454M	414M	351M	307M	313M
Non-Cash Pension Expense	-6M	-8M	-22M	-17M	6M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	37M	47M	58M	61M	61M
Total Stock-Based Compensation	37M	47M	58M	61M	61M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	203B	133B	104B	114B	116B
Investment In Equity and Preferred Securities, Total	102B	96.94B	87.58B	93.92B	97.34B
Trading Asset Securities, Total	9.72B	5.73B	4.92B	-	-
Real Estate Owned	11.37B	7B	5.9B	6.23B	6.31B
Mortgage Loans	22.07B	21.68B	17.51B	17.4B	16.24B
Policy Loans	637M	14M	14M	-	-
Total Other Investments	38.42B	30.81B	29.6B	39.37B	52.4B
Total investments	387B	295B	249B	271B	288B
Cash And Equivalents	16.9B	12.48B	22.5B	17.27B	23.48B
Reinsurance Recoverable - (IS)	13.34B	15.03B	13.06B	12.42B	14.98B
Other Receivables - (Insurance Template)	30.5B	23.2B	18.5B	18.1B	18.27B
Deferred Policy Acquisition Costs - (BS)	3.26B	2.72B	2.59B	788M	821M
Gross Property Plant And Equipment	1.86B	1.42B	1.38B	1.51B	985M
Accumulated Depreciation	-1.1B	-989M	-1.03B	-1.08B	-630M
Net Property Plant And Equipment	768M	428M	350M	424M	355M
Goodwill	1.8B	1.74B	2.07B	2.1B	2.58B
Other Intangibles, Total	710M	606M	694M	266M	458M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	20.48B	2.37B	2.82B	4.14B	3.36B
Deferred Tax Assets Long-Term (Collected)	119M	138M	611M	958M	614M
Other Long-Term Assets, Total	4.57B	4.31B	2.82B	1.56B	1.13B
Total Assets	480B	358B	315B	329B	354B
Liabilities
Accrued Expenses, Total	-	-	-	2.07B	1.97B
Insurance And Annuity Liabilities	162B	124B	102B	122B	124B
Unpaid Claims	-	-	-	-	-
Unearned Premiums	-	-	-	-	-
Reinsurance Payable - (BS)	-	-	-	-	-
Current Portion of Long-Term Debt	-	506M	278M	-	-
Current Portion of Leases	152M	67M	70M	77M	74M
Short-Term Borrowings	108M	50M	252M	51M	7.4B
Long-Term Debt	9.58B	6.79B	6.22B	6.32B	5.56B
Long-Term Leases	381M	405M	316M	295M	272M
Current Income Taxes Payable	114M	35M	40M	15M	1M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	37.48B	16.43B	14.36B	14.52B	19.5B
Unearned Revenue Non Current	-	-	-	78M	41M
Pension & Other Post Retirement Benefits	1.44B	485M	360M	410M	372M
Deferred Tax Liability Non-Current	1.83B	1.98B	825M	453M	345M
Other Non Current Liabilities	246B	188B	178B	173B	186B
Total Liabilities	459B	339B	302B	319B	345B
Preferred Stock Non Redeemable	200M	200M	200M	200M	200M
Total Preferred Equity	200M	200M	200M	200M	200M
Common Stock, Total	982M	941M	924M	901M	881M
Additional Paid In Capital	1.24B	1.25B	1.26B	17M	17M
Retained Earnings	7.47B	7.56B	327M	2.23B	1.39B
Treasury Stock	-6M	-51M	-85M	-87M	-81M
Comprehensive Income and Other	9.67B	9.31B	9.96B	6.02B	5.9B
Total Common Equity	19.35B	19B	12.38B	9.08B	8.1B
Minority Interest	1.01B	252M	310M	318M	316M
Total Equity	20.56B	19.45B	12.9B	9.6B	8.62B
Total Liabilities And Equity	480B	358B	315B	329B	354B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.98B	2.85B	2.79B	2.72B	2.66B
ECS Total Common Shares Outstanding	2.98B	2.85B	2.79B	2.72B	2.66B
Book Value / Share	6.49	6.66	4.44	3.34	3.05
Tangible Book Value	16.84B	16.66B	9.62B	6.72B	5.06B
Tangible Book Value Per Share	5.64	5.84	3.45	2.47	1.9
Total Debt	10.22B	7.82B	7.14B	6.75B	13.31B
Net Debt	-6.68B	-4.67B	-15.36B	-10.53B	-10.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-2.03B	-2.27B	-832M	-407M	-79M
Minority Interest, Total (Incl. Fin. Div)	1.01B	252M	310M	318M	316M
Equity Method Investments, Total	1.95B	1.77B	1.79B	1.35B	1.3B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	115M	75M	70M	69M	83M
Full Time Employees	28.6K	22.06K	24.36K	26.38K	29.09K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.8B	1.97B	-1.16B	1.08B	683M
Depreciation, Depletion & Amortization	103M	74M	57M	67M	62M
Amortization of Goodwill and Intangible Assets - (CF)	194M	145M	142M	1.8M	130M
Total Depreciation, Depletion & Amortization	297M	219M	199M	68.8M	192M
(Gain) Loss On Sale of Asset - (CF)	-13M	10M	8M	10M	-191M
(Gain) Loss on Sale of Investments - (CF)	-10B	-7.51B	46.89B	-11.92B	-11.56B
Total Asset Writedown	458M	-1.06B	1.08B	301M	29M
Deferred Policy Acquisition Costs - (CF)	-109M	-90M	167M	70M	-41M
Amort. Of Deferred Policy Acq. Costs - (CF)	129M	114M	102M	59M	52M
(Income) Loss On Equity Investments - (CF)	30M	-114M	49M	152M	-107M
Stock-Based Compensation (CF)	37M	24M	58M	61M	61M
Reinsurance Recoverable - (CF)	-1.38B	-1.71B	2.05B	-424M	-1.5B
Change in insurance Reserves / Liabilities	16.92B	16.33B	-38.06B	22.22B	22.5B
Change in Other Net Operating Assets (Collected)	2.34B	-3.7B	-5.46B	-854M	3.04B
Net Cash From Discontinued Operations	102M	3.08B	-	-	-
Other Operating Activities	-14.2B	-7.34B	9.96B	-13.57B	-4.71B
Cash from Operations	-2.58B	220M	15.88B	-2.73B	8.44B
Capital Expenditure	-97M	-86M	-16M	-149M	-50M
Sale of Property, Plant, and Equipment	3M	159M	35M	-	-
Cash Acquisitions	-11M	-	-275M	-	-760M
Divestitures	12M	23M	-	-	1.1B
Purchase / Sale of Intangible Assets	-72M	-22M	-83M	-201M	-123M
Other Investing Activities, Total	147M	-	-	-	-
Cash from Investing	-18M	74M	-339M	-350M	162M
Long-Term Debt Issued, Total	966M	229M	659M	941M	640M
Total Debt Issued	966M	229M	659M	941M	640M
Long-Term Debt Repaid, Total	-1B	-2.27B	-1.62B	-1.24B	-1.46B
Total Debt Repaid	-1B	-2.27B	-1.62B	-1.24B	-1.46B
Issuance of Common Stock	3M	6M	513M	8M	-
Repurchase of Common Stock	-2M	-732M	-4.16B	-376M	-353M
Common Dividends Paid	-263M	-1.11B	-845M	-912M	-955M
Preferred Dividends Paid	-17M	-17M	-17M	-17M	-17M
Common & Preferred Stock Dividends Paid	-280M	-1.13B	-862M	-929M	-972M
Other Financing Activities, Total	-570M	-510M	-471M	-221M	-349M
Cash from Financing	-888M	-4.4B	-5.94B	-1.82B	-2.49B
Foreign Exchange Rate Adjustments	236M	-196M	93M	-22M	-212M
Net Change in Cash	-3.25B	-4.3B	9.7B	-4.92B	5.9B
Supplemental Items
Cash Interest Paid	536M	489M	450M	206M	328M
Cash Income Tax Paid (Refund)	1.04B	304M	210M	68M	243M
Net Debt Issued / Repaid	-39M	-2.04B	-958M	-302M	-820M
Levered Free Cash Flow	1.76B	2.59B	-1.27B	-5.95M	1.91B
Unlevered Free Cash Flow	2.05B	2.86B	-1.04B	229M	2.14B
Change In Net Working Capital	548M	-2.53B	291M	1.19B	-871M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.49	0.01	-0.3	0.49	0.33
Return on Total Capital	7.81	0.21	-4.28	9.35	5.14
Return On Equity %	10.41	1.68	-7.04	11.16	7.74
Return on Common Equity	10.23	1.3	-7.61	11.01	7.37
Margin Analysis
Gross Profit Margin %	21.48	17.09	-16.26	21.3	16.76
SG&A Margin	0.04	0.08	-0.4	0.12	0.1
EBITDA Margin %	9.98	1.58	29.3	11.79	8.69
EBITA Margin %	9.72	1.45	29.79	11.7	8.58
EBIT Margin %	9.24	0.58	32.65	11.69	8
Income From Continuing Operations Margin %	5.11	2.02	22.95	5.13	3.1
Net Income Margin %	7	11.8	23.38	5.03	3
Net Avail. For Common Margin %	4.72	1.49	24.06	4.79	2.78
Normalized Net Income Margin	4.42	-1.5	16.73	5.85	3.54
Levered Free Cash Flow Margin	4.4	15.55	25.68	-0.03	8.39
Unlevered Free Cash Flow Margin	5.14	17.16	21.03	1.06	9.41
Asset Turnover
Asset Turnover	0.09	0.04	-0.01	0.07	0.07
Fixed Assets Turnover	48.25	27.86	-12.76	55.74	58.38
Short Term Liquidity
Current Ratio	1.85	2.45	3.31	2.25	1.58
Quick Ratio	0.96	1.43	2.25	1.26	0.95
Operating Cash Flow to Current Liabilities	-0.07	0.01	1.06	-0.16	0.29
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	49.69	40.18	55.38	70.27	154.43
Total Debt / Total Capital	33.2	28.66	35.64	41.27	60.7
LT Debt/Equity	48.43	36.97	50.72	68.94	67.67
Long-Term Debt / Total Capital	32.35	26.38	32.65	40.49	26.6
Total Liabilities / Total Assets	95.72	94.57	95.91	97.08	97.56
EBIT / Interest Expense	7.87	0.23	-4.39	6.71	4.89
EBITDA / Interest Expense	8.51	0.74	-3.85	6.89	5.41
(EBITDA - Capex) / Interest Expense	8.3	0.54	-3.89	6.49	5.27
Total Debt / EBITDA	2.56	24.73	-5.03	2.6	6.62
Net Debt / EBITDA	-1.68	-14.78	10.81	-4.06	-5.05
Total Debt / (EBITDA - Capex)	2.63	33.98	-4.97	2.76	6.79
Net Debt / (EBITDA - Capex)	-1.72	-20.3	10.69	-4.31	-5.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.95	-35.53	-129.78	33.14	5.36
Gross Profit, 1 Yr. Growth %	-26.86	-42.32	-71.65	1.36K	-17.25
EBITDA, 1 Yr. Growth %	-16.48	-91.44	-650.76	-291.12	-26.03
EBITA, 1 Yr. Growth %	-17.02	-92.09	-710.74	-286.26	-26.42
EBIT, 1 Yr. Growth %	-17.57	-96.63	-1.77K	-268.47	-28.12
Earnings From Cont. Operations, 1 Yr. Growth %	-22.06	-77.08	-438.99	-207.38	-36.26
Net Income, 1 Yr. Growth %	9.81	-29.74	-159	-203.24	-37.05
Normalized Net Income, 1 Yr. Growth %	-19.09	-120.22	231.32	-268.82	-36.56
Diluted EPS Before Extra, 1 Yr. Growth %	-23.53	-80.86	-557.12	-207.18	-37.37
Net Property, Plant and Equip., 1 Yr. Growth %	-13.61	-44.27	-18.22	21.14	-16.27
Total Assets, 1 Yr. Growth %	4.31	-25.3	-12.04	6.22	7.61
Common Equity, 1 Yr. Growth %	10.54	-1.82	-34.82	-6.41	-10.76
Tangible Book Value, 1 Yr. Growth %	7.88	-3.92	-42.25	-7.2	-24.61
Cash From Operations, 1 Yr. Growth %	-143.26	-108.86	7.12K	-117.2	-409.11
Capital Expenditures, 1 Yr. Growth %	53.97	11.69	-81.4	831.25	-66.44
Levered Free Cash Flow, 1 Yr. Growth %	148.38	104.07	-141.57	-100.07	-12.9
Unlevered Free Cash Flow, 1 Yr. Growth %	104.46	83.1	-131.32	-97.51	-11.75
Dividend Per Share, 1 Yr. Growth %	35.51	4.99	6.86	7.74	6.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	33.97	-37.72	-56.18	13.78	18.46
Gross Profit, 2 Yr. CAGR %	120.38	-50.76	-59.57	27.03	247.78
EBITDA, 2 Yr. CAGR %	58.04	-76.49	-31.35	210.41	21.81
EBITA, 2 Yr. CAGR %	57.98	-77.27	-30.5	222.94	19.96
EBIT, 2 Yr. CAGR %	65.5	-85.28	-25.03	409.9	10.26
Earnings From Cont. Operations, 2 Yr. CAGR %	10.02	-64.19	-11.86	81.43	-17.27
Net Income, 2 Yr. CAGR %	33.58	-12.16	-35.61	-25.71	-19.39
Normalized Net Income, 2 Yr. CAGR %	79	-66.13	-18.14	124.35	3.74
Diluted EPS Before Extra, 2 Yr. CAGR %	12.44	-68.12	-6.47	110.99	-18.07
Net Property, Plant and Equip., 2 Yr. CAGR %	18.38	-30.61	-32.49	-0.47	0.71
Total Assets, 2 Yr. CAGR %	5.7	-11.73	-18.94	-4.22	6.92
Common Equity, 2 Yr. CAGR %	5.8	4.18	-20.01	-30.87	-8.61
Tangible Book Value, 2 Yr. CAGR %	4.68	3.28	-25.51	-36.5	-16.36
Cash From Operations, 2 Yr. CAGR %	-30.86	-80.8	152.97	252.39	-27.08
Capital Expenditures, 2 Yr. CAGR %	5.59	16.84	-54.42	31.63	76.78
Levered Free Cash Flow, 2 Yr. CAGR %	50.75	91.23	0.16	-95.59	-53.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	37.8	68.71	-18.25	-73.78	-51.74
Dividend Per Share, 2 Yr. CAGR %	-16.33	19.28	5.92	7.3	7.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.39	-9.22	-51.3	-5.84	10.92
Gross Profit, 3 Yr. CAGR %	9.31	17.21	-59.04	-2.37	10.2
EBITDA, 3 Yr. CAGR %	12.7	-45.12	-32.73	-6.23	95.58
EBITA, 3 Yr. CAGR %	12.19	-46.23	-31.92	-6.22	100.48
EBIT, 3 Yr. CAGR %	12.89	-58.41	-28.75	-4.35	165.73
Earnings From Cont. Operations, 3 Yr. CAGR %	7.45	-41.6	-24.25	-8.97	28.02
Net Income, 3 Yr. CAGR %	23.18	7.83	-23.07	-27.08	-29.7
Normalized Net Income, 3 Yr. CAGR %	18.59	-23.12	-27.56	0.59	47.5
Diluted EPS Before Extra, 3 Yr. CAGR %	11.37	-44.82	-22.56	-5.2	40.75
Net Property, Plant and Equip., 3 Yr. CAGR %	14.7	-7.91	-26.71	-17.96	-6.04
Total Assets, 3 Yr. CAGR %	2.72	-5.85	-11.83	-11.84	-0.43
Common Equity, 3 Yr. CAGR %	3.02	3.2	-10.9	-22.29	-24.72
Tangible Book Value, 3 Yr. CAGR %	11.01	2.71	-14.91	-27.1	-32.76
Cash From Operations, 3 Yr. CAGR %	-30.65	-65.59	38.58	3.25	237.33
Capital Expenditures, 3 Yr. CAGR %	12.02	-0.38	-36.67	24.61	-16.54
Levered Free Cash Flow, 3 Yr. CAGR %	91.07	49.57	21.59	-83.27	-14.61
Unlevered Free Cash Flow, 3 Yr. CAGR %	52.7	38.26	1.28	-47.26	-13.71
Dividend Per Share, 3 Yr. CAGR %	-8.49	-9.75	14.99	6.53	7.16
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.75	-16.13	-32.4	-0.64	-11.95
Gross Profit, 5 Yr. CAGR %	25.37	-14.24	-34.27	21.04	-20.16
EBITDA, 5 Yr. CAGR %	33.92	-35.13	-12.2	9.76	-16.19
EBITA, 5 Yr. CAGR %	33.92	-36.11	-11.69	10.14	-16.07
EBIT, 5 Yr. CAGR %	36.79	-46.03	-8.79	13.35	-16.48
Earnings From Cont. Operations, 5 Yr. CAGR %	13.23	-17.12	-7.1	-8.1	-23.09
Net Income, 5 Yr. CAGR %	24.48	22.84	-4.97	-7.1	-23.15
Normalized Net Income, 5 Yr. CAGR %	43.09	-26.69	-4.76	17.99	-18.11
Diluted EPS Before Extra, 5 Yr. CAGR %	15.96	-15.91	-3.45	-5.64	-22.29
Net Property, Plant and Equip., 5 Yr. CAGR %	11.33	-2.55	-7.22	-5	-16.77
Total Assets, 5 Yr. CAGR %	4.35	-4.03	-6.56	-5.2	-5.11
Common Equity, 5 Yr. CAGR %	2.72	1.17	-6.89	-12.08	-14.28
Tangible Book Value, 5 Yr. CAGR %	4.52	3.4	-4.82	-15.26	-20.17
Cash From Operations, 5 Yr. CAGR %	-11.5	-45.9	15.46	-12.74	7.19
Capital Expenditures, 5 Yr. CAGR %	10.83	5.12	-25.35	11.36	-4.52
Levered Free Cash Flow, 5 Yr. CAGR %	-12.41	-16.8	38.24	-62.24	21.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.22	-14.27	12.59	-26.69	16.34
Dividend Per Share, 5 Yr. CAGR %	0.19	-1.1	-2.97	-3.28	11.85