Aviva full-year profit rises 2%, plans $694 million buyback

Insurer Aviva posted a 2 percent rise in 2017 operating profit to 3.1 billion pounds ($4.31 billion) on Thursday, boosted by strong performance in its U.K. division, and said it would give 500 million pounds back to shareholders.

Operating profit was forecast at 3 billion pounds, according to a company-supplied consensus forecast.

Aviva, which offers general and life insurance, also said in a statement it planned to spend 600 million pounds on "bolt-on" acquisitions.

Assets under management at Aviva Investors, its fund arm, rose 9 percent percent to 490 billion pounds.

Aviva said it would pay a total dividend of 27.4 pence, up 18 percent and above a forecast 26.4 pence.

Aviva France's head office in Paris.
Aviva
Aviva France's head office in Paris.