Aviva Share Discussion Threads

[whatsup32] 28/4/2024 13:39

Behind pay wall

‘What’s a storm’ .
Aviva lead underwriter refused to pay £60m demand describing the event as storm which has max payout of £25m (paid) and Butlins claim it’s a ‘flood’ there by £60m claim is valid.
Butlin says it’s only a storm if there is strong winds also it was not categorised as “storm” by met office .

Aviva argued strong winds is not necessary for it to be a storm.

[cardinal3] 28/4/2024 11:54

ijak

You make great points. I think the Capital Markets Day on 12 June is going to tell us where this is headed in the coming years. Much as I liked the previous CEO I agree that he tended to focus on the ESG and asset creation side of the business and deflected from its core of insurance.
As a result Lgen share price has been flat/lower over 5 yrs (dividends apart) and needs a shot in the arm that a new strategy can bring.

Discussion for Lgen board really.

[1jat] 28/4/2024 11:41

Robbob - I think you are right about the “new” LGEN strategy.
The asset creation (building companies) should be for the chop (the prefab business is closing and the CALA business should be sold….IMO insurers should be investors, it creates an artificial conflict of interest when they are also creating the investments for their funds….overpay and the building profit comes out of the insurance fund.
The previous CEO was big on stakeholder capitalism…which possibly got them ahead of the pack for a while on ESG type issues but led them astray from the core business.

The disappointing response to the 2023 results was possibly because no BB was announced despite there being plenty of capital. The CEO maybe wanted to hold back to make a bigger splash at his markets day.
Expect additional focus on DP annuity deals in UK and US and a BB. In normal times that would boost the SP, but we have fickle markets who may say not enough for me and sell it down further.

[1robbob] 28/4/2024 11:23

I would like to return to a 'conversation' I opened a month ago.
ie the relationship between AV and LGEN

Until recently my exposure to the Insurance sector has been 95% AV-5% M&G

I am now thinking that as AV has been brought back to the living by AB and has secured near parity in Market Cap and a 1.5% yield premium to LGEN that the latter is becoming increasingly interesting

I am wary that as the GI Sector has become increasingly profitable over the last couple of years. This will inevitbly attract new players and pressure on rates

Also, I have long feared that AB will only serve a 5 year term, so she is near to the exit door and that the Market will not take that well

On the 12th June the new CEO at LGEN will be laying out his strategy at thir Capital Markets Day. I strongly suspect that he may to some extent adopt ABs 'Playbook' ie Business simplification, Asset Sales, Share Buybacks and Dividend growth

[cjac39] 27/4/2024 21:22

my personal view is that the regulators are killing uk enterprise. Front and centre the FCA and the PRA. Closely followed by all the idiots at ofgem, ofwat etc. All these things start out as good ideas but they become self feeding monsters. Monsters of zero fault, zero blame regulation. Of course market harms need to be avoided and capitalist regimes need some override. But when you take it to the level of no fault it becomes more of a socialist regime. People need to lose money in investments and pay too much for them. Agreed when they are criminal or false sponsors they should be liable. But to regulate and insist on lowest cost zero fault investments is a race to the bottom of the pile of passives. Moreover, to regulate the fee charging of people in their 70s and 80s and ascribe zero activity and reviews will ultimately take these poeple out of advice and orphan them in later life. The last few years is when people need most advice and the FCA is driven them out.

[cyberian] 27/4/2024 13:26

Rongetsrich...ironically it is the present Government that have caused the demise of so much that was OK and good in this country. Rachel Reeves may well realize as she has commented recently, that the City and enhancement and support for UK industry is where real can benefit growth and confidence sadly lost under the Tories.

[rongetsrich] 27/4/2024 10:39

I think we may well be on borrowed time below 500p. If it's nice and quiet I will add til that point, then revisit the ones I've taken the divi from.My money after that that will no longer be in UK stocks, as I am looking at a Labour government rubbing its hands at the prospect of ruining what is left.

[youngrestless] 26/4/2024 09:02

Perhaps offset by "sell in May and go away"

[hallucinogenix] 26/4/2024 08:44

Hopefully have an increase to share price on dividend payment day with auto / re-investments.

[smurfy2001] 25/4/2024 15:15

Always loves to take a dive after the dividend. Sigh.

[mountpleasant] 25/4/2024 14:16

FTSE is down 0.33%
AV. is down 1.55%

[igoe104] 25/4/2024 13:46

I don't follow what traders do, I invest for the longterm. Too many folks spend half their lives coping what others do ..

[mountpleasant] 25/4/2024 12:56

Nothing has changed overnight ... but, sentiment has changed over a number of weeks.

[igoe104] 25/4/2024 11:26

You can't get depressed over a fund off loading a few shares, nothing has charged overnight..

[spud] 25/4/2024 11:24

MP - Boring but not depressing, surely?

spud

[mountpleasant] 25/4/2024 11:10

This is one depressing share to hold.

[uppompeii] 25/4/2024 08:00

I haven't looked for a year so they could have been on the sites a while...I hadn't seen any comments so just put it out here.

[cjac39] 25/4/2024 07:16

good preso on av health. not the biggest biz but decent roe and huge runway. it does seem av is basically the most solid pick out of all. they have more capital deployment levers than all to dial up and down as needed and seem to be more efficient nowadays which was a perennial sin. absolute rock solid divi which as 1rob points out is growing nicely

[yf23_1] 24/4/2024 20:38

I got mine last sept from a comparison site with Aviva Zero.

[uppompeii] 24/4/2024 10:24

I was wondering whether Aviva have lowered their prices or the others have caught up with them. For the first time in many years I'll be taking my cover with them as it includes an awful lot that the slightly cheaper companies don't now...clearly to give the edge in bottom line price. Third party cover on other vehicles , legal cover, windscreen cover and lower excess cost to name several.

[whatsup32] 24/4/2024 09:42

"They were avoiding comparison sites"

I recall been with Aviva for car insurance and found renewal too high so tried a comparison site which quoted half price .

New insurer was General
Under written and owned By Aviva

[skinny] 24/4/2024 08:16

Aviva plc ("Aviva" or the "Group") is today hosting an 'In Focus' investor and analyst briefing on its Health business. The event, which commences at 10:00am (BST), will be hosted by Charlotte Jones, Group CFO, and presented by Doug Brown, CEO, Insurance, Wealth & Retirement, and Steve Bridger, Managing Director, Health.

Health is a core component of Aviva's strategy as it accelerates growth in capital-light areas, grows customer numbers and serves more of their needs. It plays a critical role as part of Aviva's insurance proposition, because of the fundamental, and increasing, importance of health to all of Aviva's customers and to the whole UK population.

The UK health market is experiencing strong and sustained growth, which is set to continue.

Aviva is the number three player, with leading products and a high-performing business that is delivering strong growth and profitability.

Aviva is confident in the future for this business, and aims to deliver £100m of Health operating profit by 2026, underpinned by continued top-line growth and maintaining strong underwriting profitability.

Presentation arrangements

Today's presentation and analyst Q&A will be live-streamed on www.aviva.com, and a recording will be made available on the website shortly after the event. Analysts are invited to attend in person. Presentation slides will be released on Aviva's website shortly before the event.

[edmundshaw] 23/4/2024 17:00

They were avoiding comparison websites. I wonder if they did a deal?

[uppompeii] 23/4/2024 15:42

For the first time ever Aviva is my cheapest car insurance quote. And they now appear on comparison websites which I can't recall them doing so in recent years, unless they were so far down the list price wise.