Aviva falls short of its investment return targets

Ireland was the only territory in which British insurance giant Aviva failed to meet investment return targets last year.

The group, which is currently negotiating with trade unions over lowering its workforce here from 1,770 to closer to 1,000, ranks return on investment as a key annual growth metric.

On a group-wide basis, Aviva achieved 14.4% investment return in 2011; well above its 12% target. Out of its international subsidiaries, only Aviva Ireland failed to come close to the 12% target, showing only a 6% return on new investment.