Last checked at 18 Mar 2024 07:00
News Release |
18 March 2024
Aviva completes exit of Singlife joint venture
Aviva plc ("Aviva") today announces that it has completed the disposal of its shareholding in Singapore Life Holdings Pte Ltd ("Singlife"), together with two debt instruments, for total proceeds of £937m (SGD 1.6 billion).
The disposal of Aviva's shareholding in Singlife, together with the two debt instruments, was first announced on 13 September 2023.
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· We are the UK's leading diversified insurer and we operate in the UK, Ireland and Canada. We also have international investments in India and China.
· We help our 19.2 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we'll be there to put it right.
· We have been taking care of people for more than 325 years, in line with our purpose of being 'with you today, for a better tomorrow'. In 2023, we paid £25.6 billion in claims and benefits to our customers.
· In 2021, we announced our ambition to become Net Zero by 2040, the first major insurance company in the world to do so. We are aiming to have Net Zero carbon emissions from Aviva's operations and supply chain by 2030. While we are working towards our sustainability ambitions, we recognise that while we have control over Aviva's operations and influence on our supply chain, when it comes to decarbonising the economy in which we operate and invest, Aviva is one part of a far larger global ecosystem. There are also limits to our ability to influence other organisations and governments. Nevertheless, we remain focused on the task and are committed to playing our part in the collective effort to enable the global transition. Find out more about our climate goals at www.aviva.com/climate-goals and our sustainability ambition and action at www.aviva.com/sustainability
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· As at 31 December 2023, total Group assets under management at Aviva Group were £376 billion and our estimated Solvency II shareholder capital surplus was £8.8 billion. Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
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