Aviva's annual profit grows 6%, shares soar

|About: Aviva plc (AV)|By:, SA News Editor

Aviva's (AV) adjusted operating profit rose 6% to £2.05B ($3.43B) in 2013 as the value of new business climbed 13% to £835M after dropping in 2012

The insurer said it's on track to deliver £400M in cost cuts by the end of 2014.

Massive U.K. flooding this year has cost Aviva £60M.

Aviva increased its final dividend to 9.4 pence from 9 pence, bringing the total for 2013 to 15 pence vs 19 pence in 2012.

Shares are +8.2% in London. (PR)