Aviva reported underlying operating profits of £1.6bn, down 10% on last year.
That reflects strong growth in General Insurance, offset by the UK & Ireland Life business.
Additionally, Aviva has announced it will buy national IFA Succession Wealth for £385m to boost its presence in the advice market.
Succession Wealth has approximately 200 planners advising on £9.5bn of assets delivering advice to around 19,000 clients throughout the UK.
Aviva has also sold off eight businesses as it simplifies operations.
Sophie Lund-Yates, equity analyst at Hargreaves Lansdown, said: “Put simply, Aviva is a much simpler beast than it once was. The new, leaner structure has operational and shareholder benefits.
“The structural benefits are clear to see, and has also resulted in Aviva upping its planned shareholder returns programme to well north of the £4bn target.
“The group is also making waves to increase its presence in the wealth management market through the £385m acquisition of Succession Wealth. As a giant in the workplace pension world, being able to offer advice to those same customers makes strategic sense.
“Investors are now looking at a newer, shinier, fitter Aviva. The question now will be how efficiently it can come good on its latest plans for betterment.”
