Aviva PLC

LSE:AV

Aviva PLC, an unmistakable presence in the financial services sector, weaves a narrative of resilience and transformation. Founded in 1696 and headquartered in London, Aviva stands as one of Britain's foremost insurance giants, with a rich history that speaks to its ability to adapt and evolve through centuries. This legacy company distinguishes itself by providing a diverse portfolio of services, primarily centered around insurance, savings, and investment solutions. Operating in several markets, Aviva focuses on its core businesses, strategically channeling efforts towards the United Kingdom, Ireland, and Canada, after shedding some non-core international operations. This streamlined approach allows the firm to concentrate on enhancing customer experience and investing in digital innovation, redefining how clients engage with insurance and financial products in an ever-accelerating digital world.

At the heart of its operations lies a business model adept at navigating the complexities of risk management and capital allocation. Aviva makes money through a combination of underwriting profits and investment income. It collects premiums from policyholders in various segments—ranging from life insurance, general insurance, and health insurance to proposition-driven asset management services—and invests these funds across a diversified array of financial instruments, thus generating additional revenue. By employing meticulous pricing strategies and underwriting practices, Aviva balances the art of risk with the science of financial management, ensuring profitability while maintaining robust reserves to meet future claims. Its commitment to sustainability and responsible investing also plays a crucial role, as Aviva seeks not only to secure financial returns but also to generate long-term value for its stakeholders in a rapidly changing global landscape.