Aviva plc (AVVIY) Q4 2024 Earnings Call Transcript
Aviva plc (OTCPK:AVVIY) Q4 2024 Earnings Call February 27, 2025 4:00 AM ET Company Participants Amanda Blanc - Chief Executive Officer Charlotte Jones - Chief Financial Officer Conference Call Participants Andrew Hughes - Macquarie Research Abid Hussain - Panmure Liberum Nasib Ahmed - UBS Dominic O'Mahony - BNP Paribas Exane William Hawkins - KBW Larissa van Deventer - Barclays Capital Thomas Bateman - Mediobanca Andrew Baker - Goldman Sachs Amanda Blanc Good morning, everyone, and thank you for joining us for our Full Year 2024 Results Presentation. So as always, I'll give you a brief update on our performance before Charlotte takes you through the results in more detail.
Aviva's business has got real momentum, CEO says
Aviva CEO Amanda Blanc joins Squawk Box after the company beat expectations for its annual profits, reporting a 20% increase to £1.7 billion. The British insurer said it's confident in its outlook for this and next year, adding that its proposed acquisition of rival Direct Line is on track.
Aviva hiked dividend 7% as profits beat forecasts
Aviva PLC (LSE:AV.) seemed to deliver higher profits than expected for last year and rewarded investors with a 7% dividend increase.
Aviva: Direct Line Expected Acquisition Doesn't Change Its Income Appeal
Aviva: Direct Line Expected Acquisition Doesn't Change Its Income Appeal
Aviva may shock investors with negative results – City analysts
Aviva PLC (LSE:AV.) may shock investors next week when it releases results for 2024, that's the view from analysts at UBS.
Aviva's India arm hit with $7.5 million fine for fake invoice scheme, order shows
Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake invoices to pay illegal commissions and claimed incorrect tax credits, an order shows.
Aviva bags loan for £3.7bn Direct Line deal
Aviva PLC has announced receipt of a loan to aid its £3.7 billion takeover of peer Direct Line Insurance Group PLC. Citibank had “successfully completed the syndication of a majority of its commitments” under a facility agreement, Aviva said on Wednesday.
Aviva upgraded as Direct Line deal can be big win, US bank suggests
Aviva PLC's (LSE:AV.) proposed acquisition of rival Direct Line can be a huge win, according to analysts at JP Morgan who have upgraded the insurer to overweight with a 615p target.
Aviva firms up £3.7 billion deal to buy Direct Line
Aviva PLC (LSE:AV.) has confirmed it has reached an agreement to buy rival Direct Line Insurance Group PLC (LSE:DLG) in a £3.7 billion deal.
UK insurer Aviva to buy Direct Line in $4.65 bln deal
British insurer Aviva has reached an agreement to buy smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.
Aviva deal for Direct Line looks compelling but comes with risks, says bank
Aviva PLC's (LSE:AV.) deal to buy Direct Line Insurance Group PLC (LSE:DLG) for 275p gets a mixed welcome from Barclays though analysts at the bank still keep a ‘buy' rating on the UK insurer.
Ninety One UK Ltd - Form 8.3 - Aviva Plc
FORM 8.3 aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser:Ninety One UK Ltd(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeAviva Plc(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:No(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure6th December 2024(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"Yes - Direct Line Insurance Group Plc 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: ORD 32 17/19P InterestsShort positions Number%Number%(1) Relevant securities owned and/or controlled:40,3350.001 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:40,3350.001 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant securityPurchase/sale Number of securitiesPrice per unitORD 32 17/19PSale42,5714.8383 GBP (b) Cash-settled derivative transactions Class of relevant securityProduct descriptione.g. CFDNature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitTypee.g. American, European etc.Expiry dateOption money paid/ received per unit (ii) Exercise Class of relevant securityProduct descriptione.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant securityNature of dealinge.g. subscription, conversionDetailsPrice per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state "none"None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached?No Date of disclosure:9th December 2024Contact name:Mark RoperTelephone number*:020 3938 1973 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit. The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
