Aviva PLC

Aviva Plc is a holding company, which engages in the provision of long-term insurance and savings, general and health insurance, and fund management products and services. It operates through the following segments: United Kingdom and Ireland; Canada; France; Italy; Poland; and Other. The United Kingdom and Ireland segment offers risks associated with motor vehicles, property and liability, and medical expenses insurance cover to individuals and businesses. The Canada segment refers to the personal and commercial lines insurance products distributed through insurance brokers. The France segment consists of long-term and general insurance businesses. The Italy segment provides savings, investments, pension, and protection products to the life and non-domestic insurance markets. The Poland segment comprises of long-term business and general insurance business in Lithuania. The Other segment includes the long-term business operations in China, India, and Singapore; and life operations in Turkey. The company was founded on November 12, 1696 and was headquartered in London, the United Kingdom.

Aviva PLC's (LSE:AV.) first-quarter results were broadly in line with expectations, analysts said, though some metrics were higher than expected.

Aviva first quarter 'reassuring', say analysts

Shares in Aviva dipped on Thursday despite the release of strong first-quarter trading numbers. At 492.9p per share, the Aviva share price was last 0.7% lower higher.

Aviva Reports Strong Q1 As Better Pricing Boosts Premiums

Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.

Aviva keeps outlook unchanged after making solid start

The insurer and asset manager said it was on track to meet targets after its general insurance gross written premiums reached $3.4 billion for the first quarter.

Aviva Backs Guidance After Rise in Premiums

Aviva is expected to fire on all cylinders when it publishes its first quarter update next week. Berenberg says there are strong tailwinds for the insurance giant with margins improving after the re-pricing of UK motor insurance and another hike in UK household premiums.

Aviva to fire on all cylinders in next weeks update

Aviva (LON: AV) share price has done well after bottoming at 148.65p at the onset of the Covid-19 pandemic in 2020. It has now surged to a record high of 500p, giving it a market cap of over £13.5 billion.

Aviva share price gets overbought ahead of earnings: is it a buy?

Aviva has several earnings tailwinds coming from several directions in 2024, analysts at Berenberg believe, adding the outlook for the insurer is “extremely strong”. Margin improvement after the dramatic re-pricing of UK motor insurance and another leg up in pricing for UK home insurance in 2024 – in which Aviva is the market leader - are two.

Aviva outlook" extremely strong" as several tailwinds emerge

Aviva PLC (LSE:AV.) is being sued by Butlin's, the seaside resort company, over a £60 million bill and what defines a “storm”.

Aviva faces Butlin's lawsuit over flooded resort

Aviva's strategy day for its health business yesterday was enlightening said analysts, but ultimately it represents a small part of the business. UK Health accounts for 5% of operating profit and is expected to grow at a 15% CAGR through 2026 to £ 100 million, though Citi notes this was a third higher than its models.

Aviva health day highlights potential in overlooked arm, say brokers

Legal & General Group PLC

M&G PLC - Legal & General, M&G and Avia in the spotlight as Deutsche eyes growth for UK life Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys' amongst the UK's life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth. The German bank meanwhile rates Aviva PLC (LSE:AV.) and Phoenix Group Holdings PLC (LSE:PHNX) as ‘hold'.

Legal & General, M&G and Aviva in the spotlight as Deutsche eyes growth for UK life

Aviva has diversification in multiple GEO locations and offers a positive upside on CSM growth and individual annuities. The company's capital position is solid, with a Solvency II ratio of 207% and a moderate market risk. Higher guidance with a focus on shareholders' remuneration. Aviva deserves a buy rating.

Aviva: Good Diversification And Modest Risk, Maintain Buy

British insurer Direct Line has hired a new chief financial officer, it said on Wednesday, weeks after fending off takeover interest from Belgian rival Aegas.

Direct Line hires finance chief from rival Aviva

Aviva (LON: AV) share price is doing well under Amanda Blanc. In her tenure, the stock has surged by more than 120%, much higher than its closest peers in the UK.

Aviva share price is beating rivals under Amanda Blanc

Aviva plc has formally completed the £453 million acquisition of AIG Life Limited from Corebridge Financial. The deal was first announced in September, with Aviva touting “significant capital and expense synergies”.

Aviva completes £453mln AIG Life acquisition

British insurer Aviva said on Tuesday it had completed the 453 million pound ($574 million) acquisition of AIG's UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.

Aviva completes takeover of AIG's UK life insurance business

AVVIY has seen a total return of 16% since my last post, boosted by dividends and a rerating of its forward PE. AVVIY's fundamentals remain solid, with strong earnings and a healthy Solvency II ratio. The company's focus on capital-light businesses and successful M&A strategy support a potential valuation rerating.

Aviva: Capital Return Equity Story Still Intact

Jefferies has raised its price target for shares in Aviva PLC (LSE:AV.) after the latter's strategic update, which gave the US investment bank several reasons to be upbeat.

Aviva flat, but US investment bank sees plenty of upside following insurer's prelims

Aviva plc had officially completed its exit from Singapore Life Holdings through a £937 million disposal. The FTSE 100-listed insurance firm first announced the disposal of its 25.9% stake in Singapore Life to Sumitomo Life in September 2023.

Aviva completes exit of Singapore Life

Aviva completed the sale of its 25.9% stake in Singapore Life Holdings, plus two debt instruments, for a combined 937 million pounds ($1.19 billion), the company said in a statement on Monday.

Aviva sells Singlife joint venture stake for $1.2 bln

Aviva plc (OTCPK:AVVIY) Q4 2023 Earnings Conference Call March 7, 2024 3:30 AM ET Company Participants Amanda Blanc - Chief Executive Officer Charlotte Jones - Chief Financial Officer Conference Call Participants Andrew Sinclair - Bank of America Ashik Musaddi - Morgan Stanley Nasib Ahmed - UBS Rhea Shah - Deutsche Bank Andrew Crean - Autonomous Dominic O'Mahony - BNP Paribas Exane Larissa Van Deventer - Barclays Mandeep Jagpal - RBC Capital Markets Thomas Bateman - Berenberg William Hawkins - KBW Steven Haywood - HSBC Barrie Cornes - Panmure Gordon Bingdi Fan - JPMorgan Amanda Blanc Okay. Good morning, everyone and thank you for joining our Full Year 2023 Results Presentation.

Aviva plc (AVVIY) Q4 2023 Earnings Call Transcript

British insurance multinational Aviva plc's full-year results were positively received by the market on Thursday, with shares adding 1.5% to a year-to-date high of 461.8p. Chief executive Dame Amanda Blanc used the strong results, which underscored better-than-expected operating profits of £1.47 billion, to tout the insurer's successes while nixing lingering rumours of international takeover interest.

Dame Amanda Blanc steers Aviva away from takeover chatter

Aviva lifted its operating profit target to around £2 billion by 2026 as it reported better-than-expected full-year results.

Aviva Upgrades Targets After Profit Beat

Aviva plc exceeded its operating profit target in 2023 with a 9% increase to £1.47 billion, up from £1.35 billion in 2022. Aviva's management had guided for operating profits between £1.42 billion and £1.45 billion but warned the actual number might be nearer the bottom than the top given the dismal weather in Britain this winter.

Aviva hits profit target, ups dividend guidance

Aviva's return to Lloyd's of London through the acquisition of Probitas is in line with its medium-term strategy but still a bit of a surprise, said brokers. The insurer announced the deal yesterday, with the price a premium to listed Lloyd's peers but in line with the sub-sector, according to Jefferies, with an expected internal rate of return (IRR) in the high teens.

Aviva return to Lloyd's a sensible bolt-on deal, brokers say

Aviva (LON: AV) share price has been one of the top performers in the FTSE 100 index. It was trading at 448.50p on Monday, a few points below its all-time high of 454.5p.

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