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Aviva's annual profit grows 6%, shares soar

  • 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)
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