Edition:
India

Aviva PLC (AV.L)

AV.L on London Stock Exchange

502.50GBp
15 Dec 2017
Change (% chg)

2.00 (+0.40%)
Prev Close
500.50
Open
500.00
Day's High
503.00
Day's Low
498.90
Volume
18,297,336
Avg. Vol
10,048,021
52-wk High
570.50
52-wk Low
467.31

Latest Key Developments (Source: Significant Developments)

Aviva CFO says solvency ratio to rise above 200 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva ::CFO TOM STODDARD SAYS ~EXPECTS SOLVENCY CAPITAL RATIO TO RISE ABOVE 200 PERCENT OVER NEXT YEAR.CFO TOM STODDARD SAYS ~ WILL RETURN AT LEAST 500 MILLION STG IN CAPITAL IN 2018 THROUGH LIABILITY MANAGEMENT, SHARE BUYBACK OR BOTH.  Full Article

Aviva to deploy 3 bln stg in excess cash 2018, 2019
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva Plc ::AVIVA UPGRADES GROWTH, CASH AND DIVIDEND TARGETS*.‍GROWTH: TARGETING HIGHER THAN MID-SINGLE DIGIT PERCENTAGE GROWTH ANNUALLY IN IFRS OPERATING EARNINGS PER SHARE FROM 2019​.‍CASH: REMITTANCE TARGET INCREASED FROM £7 BILLION TO £8 BILLION1, ALLOWING AVIVA TO DEPLOY £3 BILLION OF EXCESS CASH OVER 2018 AND 2019​.‍THIS IS EXPECTED TO BE USED TO REPAY £900 MILLION OF DEBT IN 2018 AND FUND BOLT-ON ACQUISITIONS AND ADDITIONAL RETURNS TO INVESTORS​.‍DIVIDEND: PAY-OUT RATIO TARGET INCREASED TO 55-60% OF OPERATING EPS BY 2020​.‍WE ARE RAISING OUR EXPECTATIONS FOR EARNINGS GROWTH TO MORE THAN 5% ANNUALLY FROM 2019 ONWARDS​.‍EXCESS CASH, £2 BILLION OF WHICH WE PLAN TO DEPLOY NEXT YEAR​.‍IN 2018 WE EXPECT TO USE OUR EXCESS CASH TO PAY DOWN £900 MILLION OF EXPENSIVE DEBT, RETURN CAPITAL TO INVESTORS AND INVEST IN GROWING OUR BUSINESS​.  Full Article

Aviva to buy Irish insurer Friends First Life for 130 mln euros
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Aviva Plc :AVIVA PLC - ‍AVIVA TO ACQUIRE IRISH INSURER FRIENDS FIRST​.AVIVA PLC - ‍TO ACQUIRE IRISH INSURER FRIENDS FIRST LIFE ASSURANCE COMPANY DAC FOR A CASH CONSIDERATION OF EUR 130M​.AVIVA PLC - ‍AVIVA EXPECTS TRANSACTION TO MEET GROUP'S OPERATING RETURN ON CAPITAL HURDLE FROM YEAR ONE AND TO SIGNIFICANTLY EXCEED HURDLE THEREAFTER​.  Full Article

Aviva agrees to sell 49 percent stake in Taiwan jv
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Aviva Plc :Has agreed to sell its entire 49 percent shareholding in its joint venture in Taiwan, First Aviva Life to joint venture partner First Financial Holding co. Ltd​.Says ‍transaction has a negligible impact on Aviva's IFRS net assets, solvency II capital position and IFRS operating profit.Aviva said the business is not central to the group's strategy to focus on markets where it can achieve scale and profitability or have a distinct competitive advantage ​.  Full Article

Aviva to offer $390 mln share buyback
Thursday, 25 May 2017 

May 25 (Reuters) - Aviva Plc :Aviva plc (aviva) announces that it will commence a share buy-back of aviva's ordinary shares for up to a maximum consideration of £300 million ($389.61 million)..Shares acquired by morgan stanley under agreement will be simultaneously on-sold to aviva.  Full Article

UK's FCA fines Aviva companies for client money and assets failings
Wednesday, 5 Oct 2016 

UK's Financial Conduct Authority (FCA): FCA fines Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited 8.2 mln stg for client money and assets failings . Aviva breached FCA's Client Assets Sourcebook (CASS) rules and requirements between Jan 1, 2013 and Sept 2, 2015 . During period Aviva failed to put in place appropriate controls over third party administrators . Also found deficiencies with Aviva's internal reconciliation process which resulted in under- and over-segregation of client money . During period from Feb 10, 2014 to Feb 9, 2015 under-segregation peaked at 74.4 mln stg Link to full text: (http://bit.ly/2dJeGUP) Further company coverage: [AV.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Aviva bullish on cash generation after H1, shares rise
Thursday, 4 Aug 2016 

Aviva Plc : CEO Mark Wilson says expects more cash generation next year, could go outside the top of flagged range. . CEO says bulk annuity demand had fallen ahead of EU referendum vote; firm expects demand to pick up in H2. . Aviva Investors' Euan Munro says UK commercial property prices have not fallen as much as some market adjustments suggested. .Aviva shares up 5.7 percent in early deals after H1 results..  Full Article

Aviva CEO Wilson says 'expect a few' percentage points off solvency ratio on market volatility
Wednesday, 6 Jul 2016 

Aviva Plc : Ceo mark wilson says 'expect a few' percentage points to be knocked off solvency ratio due to market volatility post-brexit vote Further company coverage: [AV.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Aviva CEO Wilson says insurer benefits from weaker sterling
Wednesday, 6 Jul 2016 

Aviva Plc : Ceo mark wilson says insurer benefits from weaker sterling . Aviva ceo wilson says wants to see what happens in markets before considering giving cash back to shareholders . Will consider "bolt-on" m&a if it strengthens core businesses . Not considering more large-scale acquisitions, expect to increase asset management business as share of group Further company coverage: [AV.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Aviva aims to increase dividend pay-out ratio to 50 pct in 2017
Wednesday, 6 Jul 2016 

Aviva Plc : Aviva plc capital markets day . Group chief executive officer, mark wilson, will set out a number of objectives. . These include: . Ifrs operating profit: mid-single digit growth in medium term . cash: £7bn cumulative business unit remittances over period 2016-18 . Aviva's fundamentals are sound. . Although it is too early to quantify precise impact of brexit, we are confident we can continue to grow . dividend: payout ratio of 50% of operating earnings per share in 2017 .A sustainable and growing dividend is paramount and we plan to increase payout ratio to 50% in 2017.  Full Article

Top LSE investor Aviva to vote against TCI at shareholder meet

LONDON, Dec 8 A top investor in the London Stock Exchange said on Friday that it would vote against a resolution put forward by hedge fund TCI to oust Chairman Donald Brydon at a forthcoming shareholder meeting.