Aviva's profit beat impressed analysts, but is it all priced in?
Insurance giant Aviva plc delivered an earnings beat in its first-half results on Wednesday and City reactions have reflected this bumper result. Analysts at KBW upgraded their 2025 operating profit forecast by a full 10%, “about half from assuming structurally lower central costs and half from a more optimistic projection of UK life investment income, health results as well as non-life combined ratio”.
Aviva gets good response from City for latest numbers
Aviva ticked the right boxes for the City today with its latest numbers applauded by a trio of analysts. Jefferies said operating profit of £875m was 5% ahead of consensus (£830m), largely driven by strong performance in UK GI and Retirement.
Aviva Investors offloads 32 UK wind farms to CK Infrastructure
Hong Kong business conglomerate CK Infrastructure Holdings is acquiring 32 UK onshore wind farms of Aviva plc's investment management subsidiary Aviva Investors, according to the South China Morning Post. The reported £350 million deal is expected to close in September and comprises wind farms across England, Scotland and Wales with 175 megawatts of installed capacity.
Aviva impresses in first half despite reinsurance scrutiny
Aviva plc cut a healthy image in today's first-half financial report, with statutory profit surging 58% year on year and group operating profit increasing 14% to £875 million. General insurance written premiums increased 15% year on year to £6 billion while insurance, wealth and retirement sales increased 12% to £19.7 billion.
Aviva first-half results could re-energize shares if analyst optimism correct
Heading towards half-year results next Wednesday, Aviva PLC (LSE:AV.) shares recently topped £5 for the first time in over six years, before being caught up in the wider market sell-off.
L&G and Aviva on notice as funded reinsurance scrutiny escalates
UK life insurers including Legal & General Group PLC (LSE:LGEN) and Aviva plc are facing heightened scrutiny from the Prudential Regulatory Authority over their use of funded reinsurance (Funded Re) deals. The PRA worries that the current growth in Funded Re transactions by UK life insurers could cause a build-up of risk in the sector which could ultimately affect policyholders.
Aviva fund managers express preference for equities over bonds
Disinflation and political risk are the two key themes driving market movements, according to the latest quarterly update from Aviva Investors. "We expect the next 12 months to be somewhat of a tug-of-war for markets, as the disinflation process slows, while political risks rise," says Michael Grady, head of investment strategy and chief economist at the asset manager.
Aviva takes 7.7% stake in 'Melrose Mark II' Rosebank
Aviva PLC (LSE:AV.) has confirmed it is one of the cornerstone backers of Rosebank Industries, the new investment vehicle of six former Melrose executives.
Aviva top of the pile for US bank Jefferies
Aviva PLC (LSE:AV.) has received an upgrade from analysts at US bank Jefferies, which reckon the insurer is the best of the bunch currently.
Aviva shares shift higher as it completes share buyback
Aviva PLC (LSE:AV.) shares lifted close to 1% after it announced it completed its £300 million buyback programme.
Aviva sees fake insurance claims jump 39% led by motor frauds
Fraudulent claims for injuries caused by motor accidents jumped by 39% last year, a new Saturday by insurer Aviva found. Almost two-thirds of detected fraud cases related to car accidents, said the FTSE 100 group, with motor claims alone totting up to £23 million.
Aviva warns about growing threat of floods in summer
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.
