Aviva Share Discussion Threads

[whatsup32] 07/1/2024 14:27

My house and shop with upper parts went uninsured for many many years with no issues . Only recently I started insuring my house as it’s a terrace and could be subject to damage to/from neighbours houses who were having extensions done also because I’m becoming risk averse.

Also went without AA cover for decades , even if there was a breakdown now i more then covered it from savings. Having said that I noticed pre Christmas AA have sales on at £70 for breakdown and recovery well worth risk reward.

Empty buildings cost fortune to insure, quoted over £6k a building that’s vacant

[alphorn] 07/1/2024 14:04

I don't fully agree with the principle of self insurance. All well and good where the possible loss is known, however, there are rare events, cheap to insure, but with very high claims exposure. An example is personal third party cover. You could cause an event (eg hit someone skiing) that could wipe you out financially.

edit: common in the UK? I have forgotten.

[spawny100] 07/1/2024 13:06

Whilst I agree with your gambler friend MP - insurance is basically you taking a bet out on something going wrong (and vice versa). But when I can get buildings and contents cover for around £100 it makes no financial sense to me not to take out insurance!

[makinbuks] 07/1/2024 12:55

1rob, When you say Heritage business aren't you referring to exactly what Lloyds are currently said to be selling? Surely that market transaction will give the only meaningful answer?

[makinbuks] 07/1/2024 12:53

That's obviously true statistically, otherwise the insurance company would be loss making and go out of business. But its a theoretical argument unless you can stand a total loss or the temporary cash flow issues of a loss early in your cycle. Most decent size companies self insure to some degree with an in house captive

[mountpleasant] 07/1/2024 12:47

I had a client who never had any insurance. He had a degree in statistics, was a professional gambler .. was barred from most race-tracks in the UK.
He used to tell me, he had done the maths on it, would be able to invest the notional premiums over many years,and was able to pay for any liability he incurred.

[1robbob] 07/1/2024 11:23

A question for our Insurance Gurus...cjac and others.

I know we have covered this in the past
But it would be useful to know the potential current sale value of the Heritage Book and if it were to be sold; the impact on the P&L a/c and cash generation

Many thanks in advance

[smurfy2001] 07/1/2024 01:46

Encourage UK investors to watch this video. UK is valued at half US.

[cyberian] 06/1/2024 20:02

whatsup32...your comment on IAG was quite timely as late on Friday I nearly decided to buy a few IAG but maybe fortunately held back. I had sold back in early 2020 or when Covid was first announced when IAG were over 600p. I just thought that the global effect would have huge repercussions and that proved correct. Anyway before I get my wrists slapped for mentioning IAG on this board I do think that one has to think ahead very clearly in some sectors and trim some holdings in view of all the elections being held across the globe this year. However, AVIVA will remain a strong hold and may well add a few this week. Thanks.

[whatsup32] 06/1/2024 11:54

Sorry Ron . No views on ITV shares as I don't follow it. I am however even more negative on IAG for reasons I can give you on IAG board if you want.
With big boys returning Monday from their extended holidays in Caribbean I'm hoping for a bit more interest in Av , bidding for Scottish life interest may show some hidden value in Av as Av have 15% of the market and Scottish 4% .
3 months and big dividend coming our way

[rongetsrich] 06/1/2024 11:15

Whilst it a no news day on AV. Whatsup, thoughts on ITV shares? I suspect they'll stagnate whilst the CEO works out they're no longer respected by most professionals.Do you think there's a bounce to come there?

[whatsup32] 05/1/2024 23:16

Floods will add to rising home insurance.

[whatsup32] 05/1/2024 21:34

It’s the weekend and hope it’s ok to veer a little from Av

Just watching on ITV the injustices by Post Office on Postmasters .

Highly recommend.

Sorry, I can delete if asked

[cfro] 05/1/2024 17:50

Should be a great strategic acquisition for AV....

[igoe104] 05/1/2024 17:21

Acquisition Completed...

Aviva completes acquisition of Optiom

Aviva plc ("Aviva") today announces that its Canadian business has completed the acquisition of Optiom O2 Holdings Inc ("Optiom") for consideration of c.GBP100m(1) (c.CAD$170m). The acquisition supports Aviva's capital-light growth in the attractive Canadian market and strengthens Aviva Canada's specialty lines business and distribution capabilities.

The acquisition of Optiom was announced on 27 November 2023.

[whatsup32] 05/1/2024 16:27

Only negative I see as fuel prices go lower insured will use their vehicles more .
Train strikes won’t help either.

[geckotheglorious] 05/1/2024 15:59

Spud

100% hike in House Insurance???
WTF.

Had similar 50% car insurance, despite attempts to shop around.
Cheapest 5 had, shall we say, very "similar" quotes, ahem.

[spud] 05/1/2024 15:58

Well, having had an uplift of 50% for my motor insurance (still awaiting quotes on my 2 motorcycles) and 100% for the house, I predict a very profitable year for insurers.

spud

[grahamburn] 05/1/2024 14:49

The tight window in your scenario allows no window at all for "manipulating" sale/purchase price in your favour which is always my preferred option for switching into ISAs.

But come to think of it 1robbob, my original comment still applies re: trade off between dividend tax and CGT. However, to be fair, that only applies in year one with the dividend tax benefit extending to all years.

All very pedantic.

[1robbob] 05/1/2024 14:36

Better than no window at all!

[grahamburn] 05/1/2024 14:27

Fair comment - though it's a very small/tight window

[1robbob] 05/1/2024 14:15

grahamburn
I don't understand
Any sales would be in Tax Year 2024/2025 for CGT

[grahamburn] 05/1/2024 12:53

True.......but partially dependent on the potential CGT liability for 23/24 in a trading account which may be more than the dividend tax saved on 24/25.

[1robbob] 05/1/2024 11:08

In case you hadn’t noticed, the timetable for the 2023 Final dividend is:
Announced: 7th March
Ex Dividend: 11th April
Paid: 23rd May

So there is a window between Monday 8th April to Wednesday 10th April to use 2024/2025 ISA Allowances to transfer stock including the Final Dividend into ISAs

[whatsup32] 05/1/2024 10:30

Seller thinks it won't go any higher in value or they can reinvest proceeds elsewhere.
And buyer thinks its a great purchase and they can make tons of money out of buying.

Same as in buying and selling shares.