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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'.
Aviva has diversification in multiple GEO locations and offers a positive upside on CSM growth and individual annuities. The company's capital position is solid, with a Solvency II ratio of 207% and a moderate market risk. Higher guidance with a focus on shareholders' remuneration. Aviva deserves a buy rating.
British insurer Direct Line has hired a new chief financial officer, it said on Wednesday, weeks after fending off takeover interest from Belgian rival Aegas.
Aviva (LON: AV) share price is doing well under Amanda Blanc. In her tenure, the stock has surged by more than 120%, much higher than its closest peers in the UK.
Aviva plc has formally completed the £453 million acquisition of AIG Life Limited from Corebridge Financial. The deal was first announced in September, with Aviva touting “significant capital and expense synergies”.