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Aviva PLC (AV_p.L)

AV_p.L on London Stock Exchange

174.25GBp
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Change (% chg)

-0.25 (-0.14%)
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174.50
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Volume
220,862
Avg. Vol
49,315
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177.50
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140.25

Latest Key Developments (Source: Significant Developments)

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

Aviva says Aviva Italia to sell Italian joint venture to Banco BPM
Friday, 25 Aug 2017 02:57am EDT 

Aug 25 (Reuters) - AVIVA PLC ::AVIVA TO SELL ITALIAN JOINT VENTURE TO BANCO BPM.AVIVA ITALIA HOLDING SPA EXERCISED AN OPTION TO SELL ITS ENTIRE 50% SHAREHOLDING IN ITS JOINT VENTURE IN ITALY, AVIPOP ASSICURAZIONI S.P.A. AND SUBSIDIARY AVIPOP VITA S.P.A. TO BANCO BPM S.P.A.PROCEEDS WILL BE RECEIVED IN CASH ON COMPLETION.JOINT VENTURES IN ITALY WITH UBI, UNICREDIT, AS WELL AS BUSINESS UNITS AVIVA LIFE S.P.A. AND AVIVA ITALIA S.P.A. ARE UNAFFECTED.  Full Article

Aviva ‍announce ten-year general insurance agreement with HSBC​
Thursday, 3 Aug 2017 02:09am EDT 

Aug 3 (Reuters) - AVIVA PLC ::‍AVIVA ANNOUNCE TEN-YEAR GENERAL INSURANCE AGREEMENT WITH HSBC​.‍TEN-YEAR PARTNERSHIP WILL SEE AVIVA PROVIDE A RANGE OF GENERAL INSURANCE PRODUCTS FOR HSBC IN UK​.‍MULTI-PRODUCT BANCASSURANCE DEAL WILL DELIVER SIGNIFICANT GROWTH OPPORTUNITIES FOR AVIVA'S GENERAL INSURANCE BUSINESS OVER NEXT DECADE​.‍NEW DEAL BUILDS ON A FORMER FIVE-YEAR AGREEMENT WITH HSBC TO PROVIDE HOME AND TRAVEL INSURANCE​.  Full Article

Aviva H1 operating profit rises 11 percent
Thursday, 3 Aug 2017 02:00am EDT 

Aug 3 (Reuters) - Aviva Plc :Interim dividend 8.4 penceper share.H1 operating profit rose 11 percent to 1.465 billion stg.Half-Year report part 1 of 4.Operating profit, up 11%.Increasing interim dividend per share by 13% to 8.4p.Operating profit up 11% to £1,465 million (hy16: £1,325 million).Operating eps up 15% to 25.8p (hy16: 22.4p).Ifrs profit after tax £716 million (hy16: £201 million).Solvency ii coverage ratio of 193% 1 (fy16: 189%).Operating capital generation £1.1 billion (hy16: £1.2 billion).General insurance net written premiums up 11% 3 to £4,688 million (hy16: £3,991 million).Value of new business up 27% 3 to £596 million (hy16: £448 million).Aviva investors fund management operating profit up 45% to £71 million (hy16: £49 million).Total group assets under management £475 billion (fy16: £450 billion).General insurance combined operating ratio 94.5% 4 (hy16: 95.7%).  Full Article

Aviva to sell Friends Provident International to RL360 for 340 mln pounds
Wednesday, 19 Jul 2017 02:12am EDT 

July 19 (Reuters) - Aviva Plc :Aviva plc announces sale of Friends Provident International Limited to RL360 Holding Company Limited, a subsidiary of International Financial Group Limited, for a total consideration of 340 mln pounds.Aviva has concluded that business is not central to group's strategy to focus on a small number of markets.Transaction will result in an increase of approximately 100 mln pounds in Aviva's Solvency II capital surplus.Transaction will also create an IFRS loss on disposal of approximately 130 mln pounds.Total consideration comprises 310 mln pounds in cash receivable on completion and 30 mln pounds in deferred consideration.  Full Article

Aviva names Maurice Tulloch as an executive director
Wednesday, 21 Jun 2017 05:37am EDT 

June 21 (Reuters) - Aviva Plc ::Appointed maurice tulloch as an executive director of company with effect from 20 june 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.