Aviva Full Year 2014 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - Aviva plc (AV.L, AV) reported that its full year 2014 profit before tax from continuing operations increased to 2.66 billion pounds from 1.47 billion pounds, previous year. Profit after tax from continuing operations increased 91% to 1.68 billion pounds from 878 million pounds. Earnings per share from continuing operations was 47.7 pence, compared to 21.8 pence.

IFRS operating profit before tax was 2.17 billion pounds, compared to 2.05 billion pounds, prior year. Operating profit attributable to ordinary shareholders increased to 1.38 billion pounds from 1.25 billion pounds. Operating earnings per share was 47.0 pence, compared to 42.6 pence. The Group said the expense reductions and an improved result in UK Life, more than offset the negative impact of currency, lower individual annuity sales and disposals of some of the non-core businesses.

Gross written premiums from continuing operations was 21.67 billion pounds, compared to 22.04 billion pounds.

On MCEV basis, earnings per share from continuing operations was 50.7 pence, compared to 46.6 pence, a year ago.

The Group increased final dividend by 30% to 12.25 pence. Total dividend for the year amounts to 18.1 pence.