Aviva Boosts Shareholder Returns, Buys Succession Wealth (1)

Aviva Plc said it will return 4.75 billion pounds ($6.3 billion) to shareholders, and will invest half a billion pounds in growth and efficiency efforts in the coming year as it enters the next stage of its overhaul.

The U.K.-based insurer and asset manager also said it had acquired financial advice firm Succession Wealth for 385 million pounds as it reported full-year results Wednesday. The results showed group adjusted operating profit of 2.27 billion pounds, slightly below a Bloomberg-compiled analyst consensus of 2.33 billion pounds.

Aviva previously said that it was planning to return at least 4 billion pounds to ...