(AV.) Aviva
Summary
Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees
|
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
| Headline | Source | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tue 17:24 | RNS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 5377W Mecom Group PLC 31 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tue 12:45 | RNS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 4915W Aviva PLC 31 January 2012 AVIVA PLC - VOTING RIGHTS AND CAPITAL
In accordance with the FSA's Disclosure and Transparency Rule 5.6.1, we hereby notify the market of the following:
At 6pm on 30 January 2012, Aviva plc had 2,905,850,904issued ordinary shares of 25p each admitted to trading. Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of Aviva plc. Aviva plc does not hold any ordinary shares in treasury.
Therefore, the total number of voting rights in Aviva plc is 2,905,850,904.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Aviva plc under the FSA's Disclosure and Transparency Rules.
Enquiries:
Russell Tullo, Deputy Group Company Secretary +44 (0)20 7662 0721
31 January 2012
Aviva plc St Helen's, 1 Undershaft London EC3P 3DQ
Registered in England Number 2468686
This information is provided by RNS The company news service from the London Stock Exchange More |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-01-12 | RNS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 3930W Timeweave plc 30 January 2012
This information is provided by RNS The company news service from the London Stock Exchange More |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 30-01-12 | RNS |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
RNS Number : 3713W Aviva PLC 30 January 2012
30 January 2012
AVIVA ANNOUNCES SALE OF CZECH REPUBLIC, HUNGARY AND ROMANIA BUSINESSES Aviva today announces the sale of Aviva Czech Life, Aviva Hungary Life and Aviva Romania Life & Pensions ("the businesses") to MetLife, Inc. This transaction is consistent with Aviva's strategy to focus on markets where it has strength and scale. The transaction, which is subject to regulatory approvals in each jurisdiction, is expected to be completed during 2012. As at 30 June 2011, the combined net assets of the businesses were approximately €57 million. Andrew Moss, group chief executive of Aviva, said: "We are pleased to have agreed the sale of our businesses in Czech Republic, Hungary and Romania to MetLife. This transaction is another step to further focus the group on our priority markets." -ends- Enquiries:
Media Andrew Reid +44 (0)20 7662 3131 Jon Bunn +44 (0)20 7662 3101
Analysts Charles Barrows +44 (0)20 7662 8115 David Elliot +44 (0)20 7662 8048
NOTES TO EDITORS:
Focusing on priority markets
· In addition to announcing the sale of its businesses in Czech Republic, Hungary and Romania:
- Aviva ended its United Arab Emirates partnership with National General Insurance Company (NGI) by mutual agreement in December 2011 - The sale of Aviva Investors' Australian business was completed in October 2011 - The sale of RAC for £1.0 billion was completed in September 2011 - Delta Lloyd announced the sale of its German business in September 2011 - Aviva reduced its holding in Delta Lloyd to 43% in April 2011
About Aviva
· Aviva is the world's sixth largest* insurance group, serving 44.5 million customers across Europe, North America and Asia Pacific
· Aviva's main business activities are long-term savings, fund management and general insurance, with worldwide total sales of £47.1 billion and funds under management of £402 billion at 31 December 2010
· We are the largest insurance services provider in the UK and one of the leading providers of life and pensions products in Europe
· The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive
· For broadcast-standard video, please visit http://www.aviva.com/media/video/.
· Follow us on twitter: www.twitter.com/avivaplc
*based on gross worldwide premiums at 31 December 2010 About Aviva in Europe · Aviva provides life, general and health insurance products to more than 32 million customers. Customers are served through a multi-channel distribution network, including banks, insurance intermediaries, corporate partners, agents, direct sales force, telephone and the internet.
· Aviva is a clear leader in bancassurance in Europe and the UK, with 62 banking agreements.
· Our chosen presence in Europe combines large, developed economies of the UK, France, Spain, Ireland, Italy, and Poland with the emerging markets of Turkey and Russia, providing strength and scale in some of the largest and most attractive insurance markets in the world.
· Aviva Czech Life is the 13th largest life insurer in the Czech market as at 31 December 2010 according to the Czech Insurance Association.
· Aviva Hungary Life is the 8th largest life insurance business in Hungary, measured by gross written premiums as at 30 September 2010.
· Aviva Romania Life is the 7th largest life insurer in Romania, measured by gross written premiums as at 30 September 2011. Aviva Romania Pensions is the 4th largest for mandatory pensions and 6th largest for voluntary pensions in Romania, measured by the number of participants as at 30 November 2011. About MetLife · MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.
· Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. For more information, visit www.metlife.com This information is provided by RNS The company news service from the London Stock Exchange More |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Result Pages: 1 | ||||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| Mon 06:45 |
7
|
|||
|
|
||||
|
|
||||
|
Smart Investor: why Aviva offers value for money The insurance giant's performance has been mixed, but Aviva's numbers bode well for the value investor. Having suffered a loss of £915 million in 2008, Aviva has since regrouped. Is now the time to buy? Discount to net asset value The prospect of buying £1 for less than £1 makes most investors at least moderately interested. However, once the discussion moves on to net asset value, price-to-book ratios and the deduction of intangible assets, many investors switch off and instead check out news flow, analyse a chart or attempt to predict how the world will look in a few years' time. All undoubtedly more interesting but, in the long run, more unreliable. What I am referring to is a rather rare situation – when a slice of a FTSE 100-listed company can be bought at a price that is less than its net asset value. That company is Aviva (AV.L), the sixth-largest insurance group in the world (the largest in the UK), employer of 36,000 people and insurer to 44 million customers. With a market capitalisation of £10.5 billion, it is the 38th largest UK-listed company. Performance Aviva’s performance over the past five years has been rather mixed, with the company enjoying reasonably impressive levels of net profit in four of the five years. However, 2008 saw a loss of £915 million, which coincided with the group reporting results for the first time on a market consistent embedded value basis – all insurers must now do the same. The cause of this loss was a fall in net investment income from £9.6 billion in 2007 to minus £16 billion in 2008, caused by the credit crunch and the ensuing financial uncertainty. However, the group recovered in 2009 and 2010 to post net profits of £1.1 billion and £1.5 billion, versus £2.2 billion and £1.3 billion for 2006 and 2007 respectively. The above net profit figures translate into an average return on equity (ROE) over the past five years of 9.5%, which is fairly impressive given that the group made a loss in 2008. ROE last year was rather better at 12.4%; both ROE figures are acceptable but not in the FTSE 100 Premier League. Cash flow As for free cash flow, this is an area in which Aviva performs strongly. Over the past five years free cash flow averaged £3.5 billion per annum versus average net profit over the same period of £1 billion per annum. Meanwhile, the dividend yield is quite exceptional; shares currently yield 7.1%, which is the third highest in the FTSE 100 (if you include Man Group (EMG.L)’s 11% yield, that is). Furthermore, Aviva’s payout ratio last year was a very moderate 51.4%, giving the company fairly generous headroom when it comes to paying dividends. Debt levels of £14.95 billion do appear to be rather high, equating to a debt-to-equity ratio of 115%. Interest coverage is only acceptable at 3.9 (taking into account interest on structural and operational borrowings). The group does, though, have £25 billion of cash and cash equivalents, but debt levels are an unfortunate blot on the company’s scorecard. Value for money However, Aviva offers investors value for money. The price-to-book ratio is just 0.78 using the current share price of 360p and net asset value per share of 460p. Even if intangible assets are excluded, the price to book ratio remains attractive at 1.42. In addition, the current price to earnings ratio is equally impressive at 7.3. Of course, Aviva holds a vast amount of financial assets and many investors will argue that it is merely a ‘play’ on the FTSE 100. However, the FTSE 100 does not offer the value which Aviva does, whether that is measured on yield, free cash flow, price to earnings or price to book. Nevertheless, the tough days may yet return for Aviva and its peers. Financial meltdown would almost certainly mean a return to 2008-style losses, and Aviva also needs to do more to reduce debt than the £700 million reduction it announced early last year. Th |
||||
| Sun 21:48 | ||||
|
|
||||
|
|
||||
|
|
||||
| Sun 17:34 | ||||
|
|
||||
|
|
||||
|
hope he doesnt do a fred on it--more ins is more risk--rather they have a strategy for quality business--
 |
||||
| Sun 17:30 |
1
|
|||
|
|
||||
|
|
||||
|
I fail to undertstand your analogy......Firstly it is illegal NOT to have car insurance if you drive on a public road/highway, so there is no choice on that matter - unlike the decision you make in deciding where to live.
Secondly, if a driver is a 'loon' and is having crash after crash then their premium will be considerably higher than the driver with no claim to reflect the level risk to the insurance company. Obviously, insurance companies function by setting a contract price which is acceptable to a larger enough audience that the premiums collected will be more than the compensation paid out, so there is no denying that subsidisation takes place. When a large/massive risk such as 'flooding' is identified then expecting 'all' that have or will take out a home insurance policy to subsidise those in the 'risk' areas is, to me, unfair! There is already enough of the culture of NOT taking responsibilty of ones actions/choices in this world to extend that to where you live - IMO! As for the current SP it still looks like good value. I will continue to add this company to my income stocks. |
||||
|
|
||||
They have not been approved or issued by Interactive Investor Trading Limited.
Editor's Pick:
What's in store today....Editor's Pick:
More positive diamond results for StellarEditor's Pick:
Vodafone ditches Greek dealEditor's Pick:
Revenues up at Vane after high-grade productionEditor's Pick:
George Godber - Where to look for eurozone exposureEditor's Pick:
Hybridan's Small Cap WrapEditor's Pick:
Stock to Watch: Walker GreenbankEditor's Pick:
View from the top: Ortac Resources interviewEditor's Pick:
Buy-to-lets to steam ahead in 2012
Share
