Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Aviva (AV.)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Aviva (AV.)

#265066

Postby monabri » November 18th, 2019, 8:50 am

Aviva plc statement on Asia strategic review

https://www.londonstockexchange.com/exc ... 11687.html

Aviva plc ("Aviva") notes recent media speculation regarding its Asian businesses. Following a thorough review of options for the Singapore business, including seeking offers for the business, Aviva has concluded that the best value for shareholders will be achieved by retaining the business.

Aviva can also confirm that its joint venture in China will be retained, given the scale of the market, excellent relationship with its partner COFCO and the high growth prospects.

Aviva's Singapore and China business units delivered double digit operating profit growth in 2018 and are earning attractive returns. Both countries are expected to pay dividends to group centre in 2019.

Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country.

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Aviva (AV.)

#265088

Postby monabri » November 18th, 2019, 9:55 am


PinkDalek
Lemon Half
Posts: 6139
Joined: November 4th, 2016, 1:12 pm
Has thanked: 1589 times
Been thanked: 1801 times

Re: Aviva (AV.)

#265143

Postby PinkDalek » November 18th, 2019, 1:03 pm

monabri wrote:Aviva issued a correction.

https://www.londonstockexchange.com/exc ... 11956.html


I didn't see the original but the only amendment apparent to me is the inclusion of:

*This announcement contains inside information. The person responsible for making this announcement on behalf of the Group is Kirstine Cooper (Group Company Secretary).

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Aviva (AV.)

#265145

Postby monabri » November 18th, 2019, 1:17 pm

That, I believe, was the only amendment.

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: Aviva (AV.)

#265146

Postby Dod101 » November 18th, 2019, 1:24 pm

monabri wrote:Aviva plc statement on Asia strategic review

https://www.londonstockexchange.com/exc ... 11687.html

Aviva plc ("Aviva") notes recent media speculation regarding its Asian businesses. Following a thorough review of options for the Singapore business, including seeking offers for the business, Aviva has concluded that the best value for shareholders will be achieved by retaining the business.

Aviva can also confirm that its joint venture in China will be retained, given the scale of the market, excellent relationship with its partner COFCO and the high growth prospects.

Aviva's Singapore and China business units delivered double digit operating profit growth in 2018 and are earning attractive returns. Both countries are expected to pay dividends to group centre in 2019.

Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country.


It is referring to Hong Kong as a 'country'. Given the sensitivities around the territory at the moment, that was not very sensible and if the Chinese come across this announcement they will not be best pleased. It is of course a Special Administrative Region of China.

Dod

daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Aviva (AV.)

#265688

Postby daveh » November 20th, 2019, 9:22 am

Aviva have posted a Business Review today:

https://www.investegate.co.uk/aviva-plc ... 00070220U/

Strategy update

Following a review of our group strategy and our businesses, we have simplified Aviva into five operating divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life.



They confirm the retention of the China and Singapore businesses and announce sale of Honk Kong business, talks ongoing wrt Vietnam and Indonesia

Asia Life: we are retaining our businesses in Singapore and China which support our strategy of meeting customers' saving and insurance needs. These are profitable businesses, delivering attractive growth and generating positive cash-flow. We have agreed the sale of our stake in our Hong Kong joint venture, Blue, to our partner Hillhouse Capital, and we are in discussions with our partners in relation to our business in Vietnam and joint venture in Indonesia.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Aviva (AV.)

#288616

Postby idpickering » March 5th, 2020, 7:15 am

Finals can be seen via here; https://www.aviva.com/investors/results/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Aviva (AV.)

#288824

Postby idpickering » March 6th, 2020, 7:24 am

Aviva announces exit from Indonesia

Aviva plc ("Aviva") today announces that it has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva's joint venture partner, PT Astra International Tbk.


https://www.investegate.co.uk/aviva-plc ... 00052130F/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Aviva (AV.)

#291457

Postby idpickering » March 17th, 2020, 7:15 am

Aviva update on solvency position ahead of investor conference

Today Aviva will participate in the annual Morgan Stanley Financial Services Conference, which for the first time, is being held virtually. Our Chief Financial Officer, Jason Windsor, will discuss our 2019 results, and provide an update on our capital position in light of the impact of Covid-19 and recent volatility in financial markets.

Aviva remains well capitalised, near the top of its working range. Based on the closing market position on 13 March 2020, our Solvency cover ratio is estimated at approximately 175%, after allowing for payment of our proposed final dividend (c.7 percentage points). The estimate does not allow for any increase in insurance claims or changes in experience or assumptions that may arise from Covid-19. We have expanded our hedging and ALM activity on equities, interest rates and credit spreads. As disclosed at our recent full year results, our centre cash position at the end of February was £2.4 billion.


https://www.investegate.co.uk/aviva-plc ... 00043683G/

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Aviva (AV.)

#298809

Postby idpickering » April 8th, 2020, 7:50 am


daveh
Lemon Quarter
Posts: 2191
Joined: November 4th, 2016, 11:06 am
Has thanked: 409 times
Been thanked: 807 times

Re: Aviva (AV.)

#310539

Postby daveh » May 21st, 2020, 9:44 am

1st qtr trading statement:
https://www.investegate.co.uk/aviva-plc ... 00095513N/

"In responding to COVID-19, Aviva moved quickly to support our customers, introducing a range of measures to help, including financial assistance. I am proud of how Aviva's people have adapted and maintained excellent day to day service for our customers when they need us most."

"Aviva had a solid first quarter of trading. General Insurance sales increased 3% and we had a strong performance in Life Insurance where new business increased 28%. Based on analysis as at 30 April, our estimate of the COVID-19 claims impact on general insurance, incorporating notified and projected claims, is £ 160 million net of reinsurance."

"At 31 March, our estimated solvency ratio remains strong at 182% and incorporates COVID-19 related impacts. The economic outlook remains uncertain and will affect our business, however the strength of our capital and liquidity means we are well positioned to manage this crisis and continue to support our customers."


No mention of the dividend at all

dealtn
Lemon Half
Posts: 6072
Joined: November 21st, 2016, 4:26 pm
Has thanked: 441 times
Been thanked: 2324 times

Re: Aviva (AV.)

#310580

Postby dealtn » May 21st, 2020, 11:18 am

daveh wrote:1st qtr trading statement:
https://www.investegate.co.uk/aviva-plc ... 00095513N/

No mention of the dividend at all


It's a trading update, you wouldn't expect any mention of a dividend. At the margin, for those for whom dividends are important, this would be positive as any mention (in a trading update) could only be negative.

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Aviva (AV.)

#313650

Postby monabri » May 30th, 2020, 12:19 pm

"Insurance companies Aviva and QBE (UK) Limited have been chosen as the focus of an action group that intends to launch a group claim against insurers refusing to pay out to pubs for loss of income during the coronavirus crisis."

https://www.morningadvertiser.co.uk/Art ... b-insurers

Loss of income ? What sort of net margin do the pubs make (many can't make a profit as it is). What is the actual loss? The hospitality business is being supported by government furlough. I wonder if the lawyers are dangling the carrot of expectation of a big pay out ( minus their costs,naturally! ) by recovery of 100% expected income?

The only group going to make any money here are the lawyers. More ambulance chasing.

I'd expect the insurers to tighten their wording further and, if you want pandemic cover, you'd better sit down when you read the quotation!

OwenSwansea
2 Lemon pips
Posts: 117
Joined: November 7th, 2016, 9:51 am
Has thanked: 10 times
Been thanked: 33 times

Re: Aviva (AV.)

#314843

Postby OwenSwansea » June 3rd, 2020, 4:20 pm

I very much doubt if any Insurance Policy covers profits lost as a result of Government Decree. It is the responsibility of the State to cover such losses.

Owen.

idpickering
The full Lemon
Posts: 11276
Joined: November 4th, 2016, 5:04 pm
Has thanked: 2468 times
Been thanked: 5763 times

Re: Aviva (AV.)

#323976

Postby idpickering » July 6th, 2020, 7:06 am

Aviva appoints Amanda Blanc as Chief Executive

Aviva plc ('Aviva' or the 'Company') announces today the appointment of Amanda Blanc as Chief Executive Officer with immediate effect.

Amanda is currently an Independent Non-Executive Director at Aviva plc. She was appointed to the Aviva Board in January 2020 and chairs the Customer, Conduct and Reputation Board Committee. She was previously CEO, EMEA & Global Banking Partnerships at Zurich Insurance Group. Prior to that she was Group CEO, AXA UK, PPP and Ireland and has served as Chair of the Association of British Insurers and President of the Chartered Insurance Institute.

For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board. Maurice joined Aviva in 1992 and held a number of senior positions in the business during his time with the Company. He joined the Aviva plc Board in 2017 and was appointed as Chief Executive in March 2019.


https://www.investegate.co.uk/aviva-plc ... 00090981S/

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: Aviva (AV.)

#323983

Postby Dod101 » July 6th, 2020, 7:29 am

idpickering wrote:Aviva appoints Amanda Blanc as Chief Executive

Aviva plc ('Aviva' or the 'Company') announces today the appointment of Amanda Blanc as Chief Executive Officer with immediate effect.

Amanda is currently an Independent Non-Executive Director at Aviva plc. She was appointed to the Aviva Board in January 2020 and chairs the Customer, Conduct and Reputation Board Committee. She was previously CEO, EMEA & Global Banking Partnerships at Zurich Insurance Group. Prior to that she was Group CEO, AXA UK, PPP and Ireland and has served as Chair of the Association of British Insurers and President of the Chartered Insurance Institute.

For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board. Maurice joined Aviva in 1992 and held a number of senior positions in the business during his time with the Company. He joined the Aviva plc Board in 2017 and was appointed as Chief Executive in March 2019.


https://www.investegate.co.uk/aviva-plc ... 00090981S/


I wonder if this should be taken at face value? Tulloch was not exactly an outstanding success and this change seems like a forced one judging by the fact that there seems to have been none of the usual search done for a successor.

Dod

Wizard
Lemon Quarter
Posts: 2829
Joined: November 7th, 2016, 8:22 am
Has thanked: 68 times
Been thanked: 1029 times

Re: Aviva (AV.)

#324041

Postby Wizard » July 6th, 2020, 11:36 am

Dod101 wrote:
idpickering wrote:Aviva appoints Amanda Blanc as Chief Executive

Aviva plc ('Aviva' or the 'Company') announces today the appointment of Amanda Blanc as Chief Executive Officer with immediate effect.

Amanda is currently an Independent Non-Executive Director at Aviva plc. She was appointed to the Aviva Board in January 2020 and chairs the Customer, Conduct and Reputation Board Committee. She was previously CEO, EMEA & Global Banking Partnerships at Zurich Insurance Group. Prior to that she was Group CEO, AXA UK, PPP and Ireland and has served as Chair of the Association of British Insurers and President of the Chartered Insurance Institute.

For family health reasons Maurice Tulloch, the previous Chief Executive, has today stepped down from the role and retired from his position on the Aviva plc Board. Maurice joined Aviva in 1992 and held a number of senior positions in the business during his time with the Company. He joined the Aviva plc Board in 2017 and was appointed as Chief Executive in March 2019.


https://www.investegate.co.uk/aviva-plc ... 00090981S/


I wonder if this should be taken at face value? Tulloch was not exactly an outstanding success and this change seems like a forced one judging by the fact that there seems to have been none of the usual search done for a successor.

Dod

I took the sudden and immediate departure as being evidence the announcement was absolutely at face value. Very bad news last week, couple of days thinking, speaks to Chair late last week, board meets over weekend and responds. Just my view of course.

Dod101
The full Lemon
Posts: 16629
Joined: October 10th, 2017, 11:33 am
Has thanked: 4343 times
Been thanked: 7534 times

Re: Aviva (AV.)

#324050

Postby Dod101 » July 6th, 2020, 11:45 am

Very probably correct Wizard, just the way my mind works.

Dod

scrumpyjack
Lemon Quarter
Posts: 4815
Joined: November 4th, 2016, 10:15 am
Has thanked: 606 times
Been thanked: 2675 times

Re: Aviva (AV.)

#324056

Postby scrumpyjack » July 6th, 2020, 11:57 am

I think it should be taken at face value and sad for Maurice.

It sounds like Amanda is going to do the radical shake up that Maurice could not bring himself to do

https://www.telegraph.co.uk/business/20 ... dden-exit/

Wonder if they will ever sort out the 'golden ticket' problem at the French subsidiary?

monabri
Lemon Half
Posts: 8396
Joined: January 7th, 2017, 9:56 am
Has thanked: 1539 times
Been thanked: 3428 times

Re: Aviva (AV.)

#324185

Postby monabri » July 6th, 2020, 8:18 pm

His wife is not well.

https://www.standard.co.uk/business/ama ... 89551.html

Final sentence from the link above....

"Shore said: “The new CEO is coming from outside the company so again can take a dispassionate decision on the dividend. The current 11% yield would suggest the market does not expect the dividend to be continued at the current level.”


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: No registered users and 5 guests