Aviva raises targets after resilient showing in 2011

The full year 2011 results announcement from insurance giant Aviva runs to 208 pages but so far as the group is concerned, the year can be summarised as one of good progress in which Aviva beat all of its operating targets.

The full year 2011 results announcement from insurance giant Aviva runs to 208 pages but so far as the group is concerned, the year can be summarised as one of good progress in which Aviva beat all of its operating targets.

As is usually the case with huge multi-national companies, the accounts are awash with adjustments and various interpretations of the numbers according to different accounting standards but the big number the market is likely to focus on is operating profit before tax, which eased 2% to £2.50bn from £2.55bn, ahead of market expectations of £2.41bn.

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