Aviva posts rise in full-year profit

Insurance giant Aviva has posted an increase in full-year profit and pledged to splash out more than £1 billion on acquisitions and shareholder returns.

The group reported a 2 per cent rise in operating profit to £3bn in 2017, driven by a strong performance in the UK. Aviva’s British insurance arm saw profit increase 13 per cent to £2.2bn, results yesterday showed.