The company said growth drivers from the fund management business are ‘pointing in the right direction’ having booked a net inflow of £600m.
There was also and additional transfer of £1.5bn of Friends Life assets, which together with favourable market movements, brought assets under management up 10% to £319bn.
The AIMS range saw its AUM more than double during the first half to £6.2bn from £3bn at the end of 2015.
The UK Life platform also grew significantly with AUM increasing 23% to £10.3bn.
Parent company Aviva reported strong figures with a 13% rise on operating profit to £1.3bn, driven in large part by the life insurance business.
Accordingly, the company said it will up its dividend by 10% to 7.4p per share. This was well received by the market, with Aviva shares climbing nearly 6% to 407p.
“We are committed to maintaining a strong and resilient balance sheet, a sustainable dividend and growing operating earnings,” said group chief executive Mark Wilson. “While uncertainty in the economic outlook may persist in the short term, we have not observed major disruption to our operating activities and we continue to target mid-single digit growth in operating profit over the medium term. We will maintain our self-help agenda, focusing on improving expense efficiency and reallocating capital to businesses with the highest returns and growth potential.”
