Aviva reports better than expected profits
Aviva, which employs 2,000 people in York and 1,300 in Sheffield, bought rival Friends Life last year in a £5.6bn deal, creating a market leader in life insurance.
Analysts had expected Aviva's operating profit to come in at £2.49bn.
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Hide AdThe life and general insurer said it will achieve its target of £225m in integration synergies with Friends Life in 2016, one year ahead of schedule and it expect £1.2bn in capital synergies.
The company's combined operating ratio, a key measure of performance in its general insurance business, strengthened to 94.6 per cent, against a forecast of 96 per cent. A level below 100 per cent indicates an underwriting profit.
Aviva said its solvency capital ratio under new European rules for insurers was 180 per cent. A ratio of 100 per cent shows insurers have sufficient capital to cover underwriting, investment and operational risks.
The company said it would pay a final dividend of 14.05p per share and total dividend of 20.8p, up 15 per cent from 2014 but below a forecast of 21.2p.