Aviva PLC (LSE:AV.) said it is preparing to increase and extend its ordinary share buyback programme to £1bn.
This statement is confirmation of an announcement made in August of an increase from £750mln, with a total of £635ml spent so far as of yesterday.
Aviva's group chief executive, Amanda Blanc, said the firm is increasing its share buyback as part of its commitment to return at least £4bn to ordinary shareholders.
She added, "We will update further on our capital return and dividend plans at our full year results in March 2022."