Aviva Share Discussion Threads

[adelwire2] 29/5/2015 23:30

610 which yr?

[philo124] 29/5/2015 17:42

Goldman's 610p target.

[brain smiley] 26/5/2015 14:48

Greece worries again.Axa is only 3% of it's recent high and it's more to lose with a Greece default than Aviva ??

[bracke] 19/5/2015 15:42

Here's a pretty picture for you all.

You will note that the 'up' PF controls but with a correcting 'down' PF.

AV. 4 Hour

[adelwire2] 15/5/2015 20:19

Bit better. More needed

[philo124] 15/5/2015 09:58

Topped up in ISA.

[jazza] 12/5/2015 10:04

Indeed.

The original reaction to the election result was genuine enough - so expect it to move higher again.

[uppompeii] 12/5/2015 09:59

Ah just gap filling Dr !

[dr biotech] 12/5/2015 09:38

Rally was short lived then...

[bracke] 09/5/2015 10:08

Odds are merely a way of expressing probability.

Probability can be assessed from the charts which is a form of displaying data.

If you trade without data. that's gambling.

[uppompeii] 08/5/2015 15:22

Odds? ODDS? You sound like a gambling man, and I thought it was all in the charts...

[bracke] 08/5/2015 12:11

Indeed it is uppompeii. Odds on it will fill when the Election dust settles.

[uppompeii] 08/5/2015 08:31

Hmmm, is that a gap bracke?

[steeplejack] 08/5/2015 07:11

Looks solid but this business about the French chap dealing as if he had the equivalent of tomorrow's newspaper is unsettling.Its festering in the background.

[its the oxman] 07/5/2015 12:30

Looks a decent update to me. Shame wider market jitters are getting the upperhand for time being.

[alphorn] 07/5/2015 11:31

Results look solid; risks remain of new government and running down pension pots.

[redartbmud] 07/5/2015 08:18

brain

Poor comparison with it's peers apparently.

[brain smiley] 07/5/2015 08:08

Greece and UK election worries must be the reason.....

[broadwood] 07/5/2015 07:55

Should be good for a couple of pennies.

[broadwood] 07/5/2015 07:54

- Aviva's turnaround is on track and ahead of schedule, group CEO Mark Wilson says. Q1 key metrics have improved. Value of new business (VNB) is up 14%, the combined operating ratio (COR) has improved 1.3 percentage points, and IFRS NAV per share is 8p higher at 348p.

He adds: "Our UK general insurance business has grown 1% in a market environment that continues to be competitive. In asset management, our flagship AIMS range of funds now has £1.2 billion under management.

"The Friends Life acquisition closed on 10 April 2015 and work on implementing our detailed integration plans has begun in earnest. We have already announced the closure of the Friends Life head office in London and in Exeter moved to smaller premises.

"Despite lower interest rates and adverse foreign currency developments, our economic capital surplus3 has remained broadly constant at £8.1 billion (FY14: £8.0 billion) with a coverage ratio of 177% (FY14: 178%). We continue to work closely with our regulators ahead of Solvency II implementation and our long-standing focus on managing the Group using economic capital helps the transition.

"Our strategy of building a true customer composite, growing our digital business, improving our efficiency, integrating Friends Life and implementing Solvency II leaves no room for complacency."

Wilson said: ""Aviva's turnaround is on track and ahead of schedule. It's been a busy quarter. We have completed the acquisition of Friends Life and at the same time delivered an improvement in our key metrics. Value of new business is up, our general insurance combined operating ratio has improved and our IFRS book value has grown over the quarter. In the face of unpredictable global markets, we continue to improve the Group's resilience. "Detailed plans to integrate Friends Life are well underway and whilst this is a challenging and complex project, we are confident of timely progress. We expect 2015 to be a year of continued delivery of our turnaround plan."

[skinny] 07/5/2015 07:06

The acquisition of Friends Life was completed on 10 April 2015, after the period to which this trading statement applies. Therefore, unless otherwise stated, all numbers outside of the Friends Life section are for Aviva standalone.

Life insurance
· Value of new business (VNB) grew 14%1 to £247 million (1Q14: £224 million)

· UK Life VNB grew 15% to £103 million (1Q14: £89 million), driven by higher equity release and pensions, which more than offset a reduction in annuity VNB

· Europe2 VNB grew 11%1 to £102 million, flat in reported currency

· Asia2 VNB grew 16%1 to £36 million (1Q14: £29 million)

General insurance
· Combined operating ratio (COR) improved to 96.4% (1Q14: 97.7%)

· UK COR of 98.3% (1Q14: 98.6%), Canada COR of 98.1% (1Q14: 102.7%), Europe COR of 89.8% (1Q14: 92.0%)

· GI and health net written premiums up 2%1 to £2,037 million, down 2% in reported currency

· UKGI net written premiums up 1% to £855 million (1Q14: £845 million)

Cash
· Operating capital generation (OCG) £0.5 billion (1Q14: £0.4 billion)

Balance sheet
· IFRS net asset value per share increased 2% to 348p (FY14: 340p)

· Economic capital surplus3 £8.1 billion (FY14: £8.0 billion), coverage ratio 177% (FY14: 178%)

· The acquisition of Friends Life added c.55p to our NAV per share on closure4

· Standalone external leverage ratio 40% of tangible capital (FY14: 41%), 28% on an S&P basis (FY14: 28%). Adjusted for Friends Life, estimated leverage ratios are 36% and 27% respectively on closure, well within our target range

· Holding company liquidity of £1.8 billion at 30 April 2015 including Friends Life

Friends Life
· Friends Life transaction completed on 10 April 2015 and detailed integration plans are being implemented

· Positive corporate benefits net flows of £0.2 billion, corporate benefits AUA 7% higher at £23.6 billion (FY14: £22.0 billion)

· Friends Life VNB declined to £20 million (1Q14: £32 million), driven by the expected decline in retirement income VNB following last year's Budget announcement


more..

[dr biotech] 06/5/2015 15:37

Not sure what that will bring. Its used to be a day of surprises but has become more mundane under the new CEO. I guess some sort of update on the merger plans would be useful, along with continued progress in the day to day running.

Election may be more unpredictable.