Aviva Share Discussion Threads

[keyhole] 04/12/2017 20:15

I'm totally piffed off with Aviva right now, as they have just refused to quote for car insurance because of my age. (80+) I have 10+ years NCB, zero points, only 5000 miles p/a, 13 y/o car worth less than £5k. Garaged overnight in low-crime area. I've been a shareholder since the Norwich Union days, plus using them to insure my cars, motorbike & house for over 30 years. I did drop them for a couple of years recently for a better quote elsewhere. Hence the problem.
Aviva's underwriters (not stated on Aviva webpage) will not insure 'new' customers over 80. They call me a new customer! Who can I complain to?
PS. No problem with quote from Direct Line.

[edmundshaw] 04/12/2017 16:17

I agree. In fact I have moved my holding up. Now overweight here.

[dr biotech] 04/12/2017 14:33

Didn't get a lot of buying on the rumour though either. We got the hangover without the party.

Its difficult to criticize the job Wilson has done - AV is now much better run with clearer visibility and a better dividend. But over the last 3 years the share price had gone nowhere and it look poor in comparison to PRU which is about 20% higher.

Hopefully we will be more in favour next year

[losos] 04/12/2017 13:01

Villarich - "Very disappointing to see the share price fall from the 525 mark. Ridiculous in fact."

I guess it's the old story of 'Buy on the rumour, sell on the news' it is ridiculous, but the market is not a logical machine. Have held these for a very long time, looking to add a few more. Quite interested in your post 22677.

[alphorn] 30/11/2017 18:37

Maintain covered calls on Aviva to boost yields. Next expiry December - will renew.

edit: renewed this morning 1st Dec.

[essentialinvestor] 30/11/2017 17:55

It was most welcome by me!, No offence meant.

Wild day for the UKX with FX driving some fat individual stock moves.

Had a few more before the close.

[villarich] 30/11/2017 17:17

Very disappointing to see the share price fall from the 525 mark. Ridiculous in fact.

[essentialinvestor] 30/11/2017 15:11

DLG usually better for motor insurance though ).

[essentialinvestor] 30/11/2017 15:06

Adding slowly.

[lord gnome] 30/11/2017 15:05

Doing its best to finish in the red by the looks of things. What a disappointing response to such a good RNS.

[villarich] 30/11/2017 13:25

I've spent time working at Aviva as a contractor and the company has changed massively over the last 5 years.Wilson has turned them into a highly cash generative company

[essentialinvestor] 30/11/2017 12:52

Just added.

[uppompeii] 30/11/2017 12:32

Agreed Edward, it's really only been good news since Moss departed.

[edmundshaw] 30/11/2017 09:40

I added today.

The price at around 520p or so is only a 2% markup on great news. And I can hardly see this dropping back below £5 after it goes ex dividend for around 18p in April, so seems a pretty good risk/reward.

[skinny] 30/11/2017 08:24

Aviva plc ("Aviva") is announcing today upgrades to its targets for earnings growth, cash and dividend at a conference for investors and analysts.

Over the last four years Aviva's financial and strategic position has been transformed. The capital surplus has tripled; the group has been streamlined and Aviva is now focused on markets where it has high quality franchises and is gaining market share.

As a result Aviva is upgrading the financial objectives it set out previously. Specifically:

Growth: targeting higher than mid-single digit percentage growth annually in IFRS operating earnings per share from 2019;

Cash: remittance target increased from £7 billion to £8 billion[1], allowing Aviva to deploy £3 billion of excess cash over 2018 and 2019. This is expected to be used to repay £900 million of debt in 2018 and fund bolt-on acquisitions and additional returns to investors;

Dividend: pay-out ratio target increased to 55-60% of operating EPS by 2020, underpinned by improved earnings quality and cash flows from Aviva's businesses which are becoming less capital-intensive.

The investor and analyst event will start at 8am UK time, with presentations covering strategy, growth, capital management and Aviva's international businesses. The conference, which is being held at Aviva's office in Warsaw, Poland, will include break-out sessions focused on Aviva's businesses in France, Canada and Poland, as well as progress made with Aviva's digital strategy.

To watch a webcast of the event, please paste the following URL into the address bar of your browser:

Mark Wilson, Group Chief Executive Officer, said:
"We are upgrading our cash flow and growth targets. After a few years of restructuring, our businesses are now high quality and we expect good, sustainable growth from each of them. We have improved the consistency and quality of our profits and so we are raising our expectations for earnings growth to more than 5% annually from 2019 onwards.
"We have significant surplus capital and cash and this means we will have £3 billion of excess cash to deploy in 2018 and 2019, £2 billion of which we plan to deploy next year. In 2018 we expect to use our excess cash to pay down £900 million of expensive debt, return capital to investors and invest in growing our business, both organically and through acquisitions.

"The quality of our earnings has improved by 15 to 20% and with lower debt costs and stronger than expected cash flows, it is appropriate to raise our target dividend pay-out ratio to 55-60% by 2020."



*This Announcement Contains Inside Information.

[1] Cash remittance target between 2016 and 2018

[lord gnome] 30/11/2017 07:35

Yes indeed, Villarich. What a nice RNS to wake up to. Let's see what the market makes of this.

[villarich] 30/11/2017 07:23

Some great news today! Let's hope this gets us back towards the 5.50 mark. SP aside, great news for income investors

[speedsgh] 27/11/2017 17:47

from Financial Calendar on Aviva website...



Capital Markets Day 2017 - 30 Nov 2017

[lord gnome] 27/11/2017 17:20

For a moment there I got all excited. I thought the share price might be off to the races. As you were. Bah!

[togglebrush] 27/11/2017 16:01

Dow Jones News

Aviva (LSE:AV.)
Intraday Stock Chart
Today : Monday 27 November 2017

--Insurance company Aviva PLC (AV.LN) will return more than one billion pounds ($1.3 billion) to investors through a share buy-back program, the Times of London said.
--Chief Executive Mark Wilson is expected to reveal the repurchase program on its investor day on Thursday, Nov. 30, according to the Times.
--Mr. Wilson is also expected to announce the repayment of bonds and possibly small acquisitions,

[wynmck] 27/11/2017 13:32

anyone know when the investor day is?

[skinny] 14/11/2017 07:12

Aviva plc ("Aviva") today announces that it has reached an agreement to acquire Irish insurer Friends First Life Assurance Company dac ("Friends First") for a cash consideration of €130m (£116m[1]). As a result of this acquisition, Aviva will become one of the largest composite insurers in Ireland, with its market share in life insurance increasing to 15%, alongside its existing leading 15% market share in general insurance.

This transaction is in line with Aviva's strategy to allocate capital in selected markets where it has scale or competitive advantage and where it can further expand its range of products across life and general insurance.

The consideration represents a multiple of 0.8x Friends First's adjusted net asset value[2]. Aviva expects the transaction to meet the group's operating return on capital hurdle from year one and to significantly exceed the hurdle thereafter.

The Irish economy has experienced a robust recovery in recent years and the prospects for continued growth remain strong[3]. The life insurance market in Ireland has grown by c.9% since 2014[4]. Aviva Ireland has demonstrated consistent growth over the past few years, with an operating profit growth at HY 2017 of 12%.

Friends First, currently owned by Dutch insurer Achmea Holding NV, has been operating in Ireland for over 180 years with a focus on life protection, pension and investment products for individuals and companies. It has over 250,000 customers, a market share of 6% and is a market leader in group risk and income protection.

The transaction is subject to regulatory approval and is expected to complete in the first quarter of 2018.


more.....