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Insurer Aviva has warned households that Britain is now at risk of major floods at any time during the year adding that floods during the summer now account for 35% of all claims. July and August each accounted for 12% of all property flood claims received in teh past two years, putting the months joint second behind December, which accounted for 17%, said the insurer.
Aviva PLC's (LSE:AV.) first-quarter results were broadly in line with expectations, analysts said, though some metrics were higher than expected.
Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.
Aviva PLC (LSE:AV.) has reported a strong start to 2024 and kept its full-year outlook unchanged.
Aviva is expected to fire on all cylinders when it publishes its first quarter update next week. Berenberg says there are strong tailwinds for the insurance giant with margins improving after the re-pricing of UK motor insurance and another hike in UK household premiums.
Aviva is expected to fire on all cylinders when it publishes its first quarter update next week. Berenberg says there are strong tailwinds for the insurance giant with margins improving after the re-pricing of UK motor insurance and another hike in UK household premiums.
Aviva has several earnings tailwinds coming from several directions in 2024, analysts at Berenberg believe, adding the outlook for the insurer is “extremely strong”. Margin improvement after the dramatic re-pricing of UK motor insurance and another leg up in pricing for UK home insurance in 2024 – in which Aviva is the market leader - are two.
Aviva PLC (LSE:AV.) is being sued by Butlin's, the seaside resort company, over a £60 million bill and what defines a “storm”.
Aviva's strategy day for its health business yesterday was enlightening said analysts, but ultimately it represents a small part of the business. UK Health accounts for 5% of operating profit and is expected to grow at a 15% CAGR through 2026 to £ 100 million, though Citi notes this was a third higher than its models.
M&G PLC - Legal & General, M&G and Avia in the spotlight as Deutsche eyes growth for UK life Legal & General Group PLC (LSE:LGEN) and M&G PLC (LSE:MNG) are rated as ‘buys' amongst the UK's life insurance market, as analysts at Deutsche Bank highlighted its expectations for growth. The German bank meanwhile rates Aviva PLC (LSE:AV.) and Phoenix Group Holdings PLC (LSE:PHNX) as ‘hold'.