 Not exactly hot off the press but still worth a quick read..
Aviva PLC (LSE:AV.) may shock investors next week when it releases results for 2024, that’s the view from analysts at UBS.
The Swiss bank’s team has previewed the upcoming results due next Thursday, 27 February, warning there’s “potential for negative surprises”.
Nevertheless, the analysts also see the UK’s leading life insurer as the ‘preferred pick’ in the sector.
“We see potential for negative surprises at Aviva at FY24 results, mainly driven by the life insurance business, where we remain below consensus expectations,” UBS said in a note.
“However, we see potential upside from the general insurance business, where Intact reported decent results for its Canadian business, which could result in c.£30mln upside to our estimates.
“We also see positioning as a risk, as Aviva remains one of the most crowded stocks within our UK life insurance coverage.”
UBS noted that Aviva itself indicated an operating profit of £1.85 billion, which would be beneath current market consensus estimates, and, would represent some ‘7% downside risk’, albeit, the analyst team reckon this inhouse projection is conservative.
The Swiss Bank forecasts £2 billion of operating profit for Aviva, excluding the Direct Line business.
Looking further ahead, UBS sees the integration and ‘synergiesR17; as drivers for the Aviva valuation – with the transaction predicted to close in the coming months.
“Aviva remains our preferred UK life insurance pick, followed by L&G over the long-term,” the UBS analysts added.
“We see significant EPS and DPS upside from the Direct Line deal. The deal is expected to close by mid-2025, and we expect an update from management around FY25 results.” |
OK guys - I'm sure there's an anti/pro Trump thread on here somewhere - Can we please take it there?
spud |
Wow youve got TDS bad Yump.
Any comment on multiple pardons for numerous people for "crimes" not even charged for!
Farcical, extremely corrupt and evidence of the last days of Rome.
Biden's admin has been the worst most corrupt one in America's history. |
Trump would be gone tomorrow if that was the case yump.
NMRN |
When people start laughing at and ridiculing a politician, their time is surely limited. |
Aviva India was left out of Dame Amanda's cull of Overseas Operations, it would now appear to be somewhat of an oddity in the new streamlined portfolio of businesses. Does anyone have a handle as to its possible value? |
Its Rachel from customer services that hasn't got a clue.
Anyone from accounts can at least do some of the simple maths required ! |
Yes, popper. It has. |
I expect Aviva results next week to set the tone for the other UK big play pension funds in early March. Always seems a long time in the waiting, but not long now. Only a very bad ONS growth fcst and HMG making crazy tax changes will scupper the share price in March. Who really knows, but the divi is safe thats for sure .. GLA |
I was same today. My renewal quote was £800 and today Aviva offered £390Great service |
Just moved my house insurance to Aviva. Previous insurers Post Office wanted #1000, double p/y. AV. came in at #500. But Saga renewed my wife's car at 20% LESS than previous year. Aviva so far wont even quote for MY car. Just shows you have to shop around every time! |
Inflation is going to get worse post April.
I just got my water bill 2025 - up 25% ! |
Profit-taking |
Joking apart, I've actually gone back to Aviva this year for the first time in @10years - I moved from SAGA to the AA last year after SAGA seemed to suddenly not want to ensure anyone, saving @50% in the process and now to Aviva saving 30% on the AA renewal quote.
SO I'm paying @£390. |
He’s probably not insured for it yump under some claws!
Clever dog. |
We fork out £1000+ for dog insurance - more than both our cars and he doesn’t even bother to chase cats out of our garden! |
Sadly Spud, Aviva won't insure my fat finger. |
That's a lot to insure a cat Mr Gnome.spud |
Good to hear that Tourist2020. I've just ditched my cat insurance with Aviva. Last year they put it up from £500+ to £700+. This year they wanted £920. I've gone to Admiral. Same cover exactly for £616. They wanted an arm and a leg to insure my house as well - double what I eventually paid. Better to be a shareholder than a customer. |
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