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Aviva PLC (AV.L)

AV.L on London Stock Exchange

414.80GBp
16 Nov 2018
Change (% chg)

1.20 (+0.29%)
Prev Close
413.60
Open
414.30
Day's High
421.50
Day's Low
412.70
Volume
11,082,001
Avg. Vol
10,052,733
52-wk High
554.60
52-wk Low
409.20

Latest Key Developments (Source: Significant Developments)

Aviva completes share buyback programme
Tuesday, 18 Sep 2018 02:01am EDT 

Sept 18 (Reuters) - Aviva PLC ::AVIVA PLC ("AVIVA") ANNOUNCES THAT IT HAS SUCCESSFULLY COMPLETED SHARE BUYBACK PROGRAMME WHICH WAS NOTIFIED TO MARKET ON 01 MAY 2018.AVIVA ACQUIRED 119,491,188 SHARES AT AN AVERAGE PRICE OF £5.02 PER SHARE.  Full Article

UK lawmaker ‍Nicky Morgan welcomes watchdog's review Of Aviva's preference shares plan
Wednesday, 28 Mar 2018 08:52am EDT 

March 28 (Reuters) - Aviva Plc ::UK LAWMAKER ‍NICKY MORGAN WELCOMES FCA'S REVIEW OF AVIVA'S PREFERENCE SHARES PLAN​.MORGAN SAYS - ‍" FCA RIGHTLY HIGHLIGHTED LEGAL UNCERTAINTY SURROUNDING RIGHTS AND TERMS OF PREFERENCE SHARES. I EXPECT THAT TREASURY WILL CONSIDER HOW BEST TO RESOLVE THIS UNCERTAINTY AS A MATTER OF URGENCY."​.  Full Article

BlackRock appoints Aviva CEO as non-executive director
Friday, 16 Mar 2018 03:13am EDT 

March 16 (Reuters) - Aviva Plc ::DIRECTOR DECLARATION.‍BOARD OF DIRECTORS OF BLACKROCK, INC. A COMPANY LISTED ON NEW YORK STOCK EXCHANGE, HAS APPOINTED MARK WILSON, GROUP CHIEF EXECUTIVE OFFICER AT AVIVA PLC, AS A NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT​.  Full Article

Aviva 2017 operating profit up 2 pct to 3.1 bln stg
Thursday, 8 Mar 2018 02:00am EST 

March 8 (Reuters) - Aviva Plc ::FY OPERATING PROFIT 3.508 BILLION STG VERSUS 3.3 BILLION STG YEAR AGO.TOTAL DIVIDEND UP 18 PERCENT TO 27.4 PENCEPER SHARE.FINAL DIVIDEND 19 PENCEPER SHARE.‍AVIVA GREW OPERATING EARNINGS PER SHARE BY 7%​.‍FULL YEAR DIVIDEND BY 18%​.‍WE EXPECT TO DEPLOY £2 BILLION OF EXCESS CASH, INCLUDING £900 MILLION IN DEBT​.‍IN EXCESS OF £500 MILLION OF CAPITAL RETURNS TO SHAREHOLDERS​.‍ABOUT £600 MILLION FOR BOLT-ON ACQUISITIONS​.‍OPERATING EPS 1,2 UP 7% TO 54.8 PENCE (2016: 51.1 PENCE)​.‍OPERATING PROFIT 3 UP 2% TO £3,068 MILLION (2016: £3,010 MILLION)​.‍SOLVENCY II COVER RATIO 1,4 198% (2016: 189%)​.‍TOTAL GROUP ASSETS UNDER MANAGEMENT 1 (AUM) UP 9% TO £490 BILLION (2016: £450 BILLION)​.‍COMBINED RATIO . GENERAL INSURANCE COMBINED OPERATING RATIO 1 96.6% (2016: 94.2% 5 )​.‍2017 TOTAL DIVIDEND PER SHARE UP 18% TO 27.4 PENCE (2016: 23.3 PENCE)​.  Full Article

Aviva Sells Remaining Spanish Businesses For 202 Mln Euros To Bankia​
Friday, 23 Feb 2018 02:19am EST 

Feb 23 (Reuters) - Aviva Plc ::AVIVA SELLS ITS REMAINING SPANISH BUSINESSES.AVIVA SELLS ITS REMAINING SPANISH BUSINESSES.DEAL ‍FOR A TOTAL CONSIDERATION OF EUR 202 MILLION​.‍CONSIDERATION REPRESENTS 2.1 TIMES AVIVA'S SHARE OF IFRS NET ASSET VALUE AND 22.5 TIMES AVIVA'S SHARE OF EARNINGS AFTER TAX OF THESE BUSINESSES​.‍TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA'S SOLVENCY II CAPITAL SURPLUS​.‍TRANSACTION WILL RESULT IN AN INCREASE OF APPROXIMATELY £150 MILLION IN AVIVA'S SOLVENCY II CAPITAL SURPLUS​.‍SALE OF ITS ENTIRE SHAREHOLDING IN LIFE INSURANCE AND PENSIONS JOINT VENTURES CAJAMURCIA VIDA AND CAJA GRANADA VIDA TO BANKIA​.‍AVIVA WILL RETAIN A STAKE IN A SMALL LIFE INSURANCE OPERATION, PELAYO VIDA, AND A RESIDUAL SUPPORT CENTRE IN SPAIN​.  Full Article

Aviva CFO says solvency ratio to rise above 200 pct
Thursday, 30 Nov 2017 04:24am EST 

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 02:00am EST 

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 02:00am EST 

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 02:07am EDT 

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 redeem $650m 8.25 pct fixed rate tier 1 notes
Thursday, 28 Sep 2017 04:02am EDT 

Sept 28 (Reuters) - Aviva Plc :AVIVA TO REDEEM $650M 8.25% FXD RATE TIER 1 NOTES.AVIVA - ‍NOTIFICATION HAS BEEN GIVEN TO HOLDERS OF USD 650,000,000 8.25 PER CENT FIXED RATE TIER 1 NOTES THAT CO SHALL REDEEM NOTES IN FULL ON 3 NOVEMBER 2017​.‍REDEMPTION AT THEIR PRINCIPAL AMOUNT TOGETHER WITH ACCRUED INTEREST TO (BUT EXCLUDING) 3 NOVEMBER 2017​.  Full Article

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Britain's Aviva splits with CEO Wilson over share price lag

LONDON Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for.