Ms Blanc said the group was “on track” with its takeover of Direct Line, which will create a significant force in the motor insurance sector, estimated to cover more than a fifth of the total UK market.
Insurer Aviva has revealed its boss landed a £7.2 million pay package in 2024 as the group notched up better-than-expected earnings ahead of its milestone £3.7 billion takeover of Direct Line.
Its annual report showed that chief executive Dame Amanda Blanc landed a £2.2 million annual bonus and £3.7 million in long-term share awards.
Dame Amanda could also earn a potential maximum total pay and bonuses worth £10.4 million in 2025, based on a significant share price rise, according to the report.
But the group said at the end of last year that around 2,300 jobs would be at risk after the Direct Line deal amid cost-cutting following the takeover.
