Aviva Share Discussion Threads

[waterloo01] 05/3/2024 16:07

Pre budget boost for the sector? Looks like some are expecting some positive news

[muscletrade] 05/3/2024 13:34

What have you done for me lately???
not much longer to see.
Im looking carefully at a variety of metrics.

General Insurance at least 10.7Billion, over 12 would be good.
Retirement,Improvement necessary as the increase at 9 months was only 2%
Health/protection was doing well at the 9 months stage up 23%...more of the same?
Wealth up 6% at 9 months, so it would be good to see a noticeable improvement.

own funds generation at least 1.5 bln
Centre liquidity again at least 1.5 bin
Progress is controllable cost reduction from the 750 mln so far
debt leverage ratio more or less steady at approx 30.5%
operating profit at least 1.5Bln (which would be a smidge over +7%)

Confirmation of div which is pretty much nailed on at 33.4p
Size of buyback at least 350m
solvency circa 200%
EPS growth rate 30%, more would be welcome

[cjac39] 05/3/2024 12:29

decent results from hiscox. not much read across to av but hiscox retail did pretty well and the inv perf was of course good

[smurfy2001] 05/3/2024 11:02

Blancs has been very impressive but the share price isn't showing it.
Rose was also a good female CEO @ NatWest until the Farrage episode.

[whatsup32] 05/3/2024 10:55

Article charts Blancs achievements since appointment in Jul 6 2020.
Exit Singapore £1.6b
Agrees disposal Vietnam arm
Sells French €3.2b
Sells Turkish interest £122m
Italian €873m
Polish €2.5b
Acquire succession wealth £385m
Completes Singapore
Buys AIG UK protection £460m
Buys Optiom O2 £100m
Buys Probitas £242m


Phew...we're getting our monies worth from Blanc.

[whatsup32] 05/3/2024 10:46

"Analysts at Bank of america said Prohibitas's book ""looks aligned with Aviva 's existing operations as it focuses on Britain, Ireland and Canada while Jefferies Analysts said they were pleasantly surprised by how good a strategic fit it is for the group"

[whatsup32] 05/3/2024 10:34

Article praises Blanc for her achievements including streamlining business, returning £5b to shareholders.
Questions why share price has not moved higher in the past year despite achievements
" yet despite Blanks success in reshaping Aviva the groups share price has been held back by broader investor antipathy towards London listed financial services shares"

[whatsup32] 05/3/2024 10:22

The Times Business section today .
Spread over 2 pages
"Aviva's latest deal opens the door to Lloyd's of London return"

[1robbob] 04/3/2024 11:51

Re the 2026 miltiple
Does Lloyd's still work on a 3-Year cycle so 2023 earnings not reported until 2026?

[cjac39] 04/3/2024 08:56

they dont knowingly underpay for things thats true...the succession acqn was a huge multiple. however, like with this, if they can pump more capital into it and grow it successfully it will probably work out fine. im not so familiar wiht lloyds so any insights would be interesting around the quality of this business and its opportunity set.

[kevph] 04/3/2024 08:12

Agree. Nice move. One quibble. 7x 2026 earnings paid. So that's 7 x earnings growing at 20% CAGR on a number not achieved yet. Why am I having to work this out? Just tell me the current multiple cost based on last year's earnings. Grump over.

[cestnous] 04/3/2024 07:47

Nice move IMO

[suetballs] 04/3/2024 07:23

Nice to see av. entering the Lloyd’s market - spent most of my working life there.
Suet

[cwa1] 04/3/2024 07:05

Acquisiton



News Release









4 March 2024





Aviva to enter Lloyd's market via acquisition of Probitas



• Entry into Lloyd's market via acquisition of a high quality, fully-integrated platform

• Significantly expands market opportunity for Aviva's Global Corporate & Specialty (GCS) business

• Consistent with Aviva's strategy of executing high quality, bolt-on acquisitions in our core markets to accelerate growth in our capital-light businesses

• Strong financial returns expected, supported by disciplined underwriting and profitable growth



Aviva plc ("Aviva") today announces the acquisition of Probitas1 for consideration of £242 million2. The transaction includes the acquisition of Probitas's fully-integrated Lloyd's platform, encompassing its Corporate Member, Managing Agent, international distribution entities and tenancy rights to Syndicate 1492.



Amanda Blanc, Group Chief Executive Officer of Aviva, said:

"This acquisition is another step in our strategy to invest in Aviva's future profitable growth. Aviva's presence in the Lloyd's market opens up new opportunities to accelerate growth in our capital-light General Insurance business."

[smurfy2001] 02/3/2024 23:38

Direct Line deserves to be taken over! Founder Sir Peter Wood slams 'abysmal' performance

[kasamavic] 02/3/2024 21:46

Ok, I thought it was something new.

[cjac39] 02/3/2024 18:50

I doubt that. Big wins on outsourcing with fnz I think plus lower CORs and all round great results I’m expecting

[whatsup32] 02/3/2024 18:37

Referring to rumours a few months back when supposedly there was three interested parties. Turned out to be just that.

[kasamavic] 02/3/2024 17:49

What do you mean "takeover approach confirmed"?

[whatsup32] 02/3/2024 12:01

Results Thursday. Hopefully we get news that takes us over fiver .

Dividends above expectations?
Big buy back ? Sorry Spud
Better then expected forward guidance
Takeover approach confirmed

[smurfy2001] 01/3/2024 14:37

Still yet to see a clear break on my chart. Hope it happens as expecting 500+

[1robbob] 01/3/2024 14:17

Surprisingly high turnover today......15.5m so far.

[1robbob] 28/2/2024 16:27

Winslow will be back pdq !!

[whatsup32] 28/2/2024 13:42

Would have expected higher follow through with Av
Up only pittance