AVIVA UPS EARNINGS GROWTH TARGETS UK COMPOSITE INSURER

Aviva has increased its 2017 targets for earnings growth, cash and dividend. The move follows recent restructuring that has seen the group dispose of businesses and cut costs, with a focus on growth markets. This has left Aviva with £3bn in excess capital, £2bn of which it plans to deploy in 2018. It will use the money to repay debt, return capital to shareholders and to fund growth, organically and through acquisition.