Aviva chief executive Amanda Blanc
Aviva has published its 2025 results – posting operating profits up 25%, record business in workplace pensions and strong performance in individual and bulk purchase annuities.
The insurer's results for the year to 31 December 2025 – published this morning (5 March) – showed that operating profit had increased from £1.767bn in 2024 to £2.203bn last year.
Its workplace pensions business delivered a record 544 new scheme wins and net flows up 6% to £7.1bn.
Aviva CEO of insurance, wealth & retirement Doug Brown said the firm now looked after around five million workplace pension customers – adding that regular member contributions had grown to a total of £1bn a month.
Brown said the firm's retirement business "had the best year for individual annuities since the introduction of Pension Freedoms", with sales up 19% to £1.6bn.
He said bulk purchase annuity (BPA) volumes remained strong at £4.6bn in "a more subdued market than the prior year".
Aviva group chief executive Amanda Blanc added: "We have transformed Aviva over the last five years and whilst we have made significant progress, there is so much more to come. Aviva has many in-built advantages which set us up well for future success, including our unrivalled scale with almost 22 million UK customers, our diversified model and market-leading technology.
"We have clear strengths in artificial intelligence which are creating major opportunities to transform claims, underwriting and customer experience. We are in a very strong position to deliver long-term growth, especially in the capital-light markets of wealth and insurance, and unlock even more benefits for our customers and shareholders."
