Aviva share price dips after Q3 results, buybacks resume as growth momentum continues
The Aviva (LSE: AV.) share price has fallen about 4% in early trading after the insurer released its Q3 results today (13 November). Maybe that is due to profit-taking and some negative numbers as well as positives. But with the Direct Line integration on track, cost savings upgraded, and buybacks restarting, I can’t help but wonder – how high could the shares go from here?
General insurance premiums rose 12% to £10bn in Q3, with much of the increase coming from Personal Lines, where the acquisition of Direct Line helped drive 24% growth.
There were other notable growth drivers too. The partnership with Nationwide Building Society continued to add new business, while Commercial Lines grew 10%, reflecting the successful…
