Aviva plc (LON: AV.)

Aviva Income Statement

Financials in millions GBP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	19,368	18,497	16,889	14,390	14,995	26,334
Total Interest & Dividend Income	6,511	40	41,503	-6,850	1,945	-13,445
Gain (Loss) on Sale of Investments	15,294	15,294	-55,957	7,634	7,587	28,130
Other Revenue	-18,520	-12,249	13,776	1,488	1,317	1,936
Total Revenue	22,643	21,572	16,203	16,662	25,844	42,955
Revenue Growth (YoY)	25.45%	33.14%	-2.75%	-35.53%	-39.83%	92.87%
Policy Benefits	17,825	16,978	15,888	10,794	18,019	27,762
Policy Acquisition & Underwriting Costs	-	-	-	3,021	2,889	3,452
Other Operating Expenses	2,139	2,047	1,792	2,586	1,879	6,767
Reinsurance Income or Expense	-	-	-	-151	-158	-472
Total Operating Expenses	19,989	19,050	17,700	16,565	22,962	38,476
Operating Income	2,654	2,522	-1,497	97	2,882	4,479
Interest Expense	-386	-376	-369	-427	-466	-473
Earnings From Equity Investments	19	-71	8	146	-3	94
Currency Exchange Gain (Loss)	80	55	777	9	-185	-349
Other Non Operating Income (Expenses)	-78	-78	-81	-114	-66	-72
EBT Excluding Unusual Items	2,289	2,052	-1,162	-289	2,162	3,679
Merger & Restructuring Charges	-61	-61	-	-	-	-
Impairment of Goodwill	-	-	-	-	-16	-2
Gain (Loss) on Sale of Assets	195	-	-	22	12	64
Asset Writedown	-301	-301	-1,154	1,068	-346	80
Other Unusual Items	-	-	77	-	-	-
Pretax Income	2,122	1,690	-2,239	801	1,812	3,821
Income Tax Expense	777	584	-1,209	465	346	1,201
Earnings From Continuing Ops.	1,345	1,106	-1,030	336	1,466	2,620
Earnings From Discontinued Ops.	-	-	-	1,700	1,444	43
Net Income to Company	1,345	1,106	-1,030	2,036	2,910	2,663
Minority Interest in Earnings	-21	-21	-21	-70	-112	-115
Net Income	1,324	1,085	-1,051	1,966	2,798	2,548
Preferred Dividends & Other Adjustments	51	51	34	17	44	51
Net Income to Common	1,273	1,034	-1,085	1,949	2,754	2,497
Net Income Growth	-	-	-	-29.74%	9.81%	62.50%
Shares Outstanding (Basic)	2,713	2,744	3,126	2,956	2,983	2,972
Shares Outstanding (Diluted)	2,744	2,777	3,126	2,981	2,997	2,983
Shares Change (YoY)	-13.98%	-11.16%	4.87%	-0.56%	0.48%	-2.12%
EPS (Basic)	0.47	0.38	-0.35	0.66	0.92	0.84
EPS (Diluted)	0.46	0.37	-0.35	0.65	0.92	0.84
EPS Growth	-	-	-	-28.80%	9.75%	68.24%
Free Cash Flow	-969	-2,881	15,867	134	-2,559	5,905
Free Cash Flow Per Share	-0.35	-1.04	5.08	0.04	-0.85	1.98
Dividend Per Share	0.342	0.334	0.310	0.290	0.276	0.204
Dividend Growth	7.55%	7.74%	6.86%	4.99%	35.51%	-48.34%
Operating Margin	11.72%	11.69%	-9.24%	0.58%	11.15%	10.43%
Profit Margin	5.62%	4.79%	-6.70%	11.70%	10.66%	5.81%
Free Cash Flow Margin	-4.28%	-13.36%	97.93%	0.80%	-9.90%	13.75%
EBITDA	2,676	2,544	-1,331	264	3,085	4,776
EBITDA Margin	11.82%	11.79%	-8.21%	1.58%	11.94%	11.12%
D&A For EBITDA	21.8	21.8	166	167	203	297
EBIT	2,654	2,522	-1,497	97	2,882	4,479
EBIT Margin	11.72%	11.69%	-9.24%	0.58%	11.15%	10.43%
Effective Tax Rate	36.62%	34.56%	-	58.05%	19.09%	31.43%
Revenue as Reported	-	-	-	33,184	31,292	67,981

Source: S&P Capital IQ. Insurance template. Financial Sources.