Aviva(AVVIY)

Search documents
Are Finance Stocks Lagging Aviva (AVVIY) This Year?
ZACKS· 2025-04-10 14:45
Group 1 - Aviva has shown strong year-to-date performance with a return of approximately 16.5%, significantly outperforming the Finance sector, which has returned an average of -2.6% [4] - The Zacks Consensus Estimate for Aviva's full-year earnings has increased by 0.8% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [4] - Aviva is ranked 5 in the Zacks Sector Rank among 859 companies in the Finance group, and it holds a Zacks Rank of 2 (Buy), suggesting it has characteristics to outperform the market in the near term [2][3] Group 2 - Aviva is part of the Insurance - Life Insurance industry, which consists of 16 companies and currently ranks 40 in the Zacks Industry Rank; this industry has seen an average loss of 6.5% year-to-date, highlighting Aviva's relative strength [6] - EPR Properties, another Finance stock, has returned 6.4% since the beginning of the year and has a Zacks Rank of 2 (Buy), with a consensus EPS estimate increase of 1.1% over the past three months [5] - The REIT and Equity Trust - Retail industry, to which EPR Properties belongs, is ranked 138 and has experienced a year-to-date decline of -10.7%, further emphasizing Aviva's superior performance in comparison [6]
Are Finance Stocks Lagging EPR Properties (EPR) This Year?
ZACKS· 2025-03-25 14:46
Group 1 - EPR Properties is a member of the Finance sector, which includes 867 individual stocks and holds a Zacks Sector Rank of 2 [2] - EPR Properties has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for EPR's full-year earnings has increased by 1.3% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - EPR Properties has returned approximately 17.4% year-to-date, outperforming the Finance sector's average return of 4.1% [4] - EPR Properties belongs to the REIT and Equity Trust - Retail industry, which has an average loss of 4.4% this year, indicating EPR's strong performance relative to its peers [6] - Aviva is another Finance stock that has outperformed the sector with a year-to-date return of 23.7% and a Zacks Rank of 2 (Buy) [5][6]
Aviva(AVVIY) - 2024 Q4 - Earnings Call Transcript
2025-02-28 07:10
Financial Data and Key Metrics Changes - Operating profit increased by 20% to nearly £1.8 billion and underlying own funds generation (OSG) rose by 18% to £1.5 billion [18][106] - Total OSG was 4% lower in 2024 compared to the previous year, while operating capital generation (OCG) was up 1% and 17% on an underlying basis [18][106] - Cash remittances increased to £2 billion, with a return on equity of 13.6% on a Solvency II basis and a strong capital position of 20% [19][106] Business Line Data and Key Metrics Changes - General Insurance (GI) premiums grew by 16% to £7.7 billion, with personal lines up 22% and commercial lines up 12% [23][110] - In Canada, premiums increased by 11%, with personal insurance up 13% and commercial lines up 7% [26][113] - Protection sales surged by 42% following the AIG acquisition, while operating profit in Protection & Health rose by 26% [33][120] - Wealth operating profit grew by 29% to £129 million, with net flows representing 6% of opening assets under management (AUM) [35][122] Market Data and Key Metrics Changes - The U.K. and Ireland General Insurance market showed strong growth, with a combined ratio of 94.9%, nearly 2 points better than 2023 [25][112] - The Canadian market faced severe weather events, leading to £288 million in operating profit, which was lower than the previous year [29][116] - The retirement segment wrote £7.8 billion in bulk purchase annuities, achieving a total of £17.7 billion over three years [38][125] Company Strategy and Development Direction - The proposed acquisition of Direct Line is expected to create a leader in U.K. personal lines and enhance shareholder distribution through £125 million in cost synergies [12][100] - The company aims to grow its capital-light portfolio to 70% within two years, focusing on sustainable and profitable growth [66][88] - The strategic priorities include growth, customer focus, efficiency, and sustainability, with a commitment to delivering superior returns for shareholders [64][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2026 targets, with a focus on unlocking growth opportunities across all markets [94][88] - The company highlighted the importance of customer-centric strategies and investments in technology, including generative AI, to enhance operational efficiency [80][82] - Management acknowledged the challenges posed by recent extreme weather events but remains optimistic about future performance [28][116] Other Important Information - The final dividend announced was 23.8 pence per share, with a total dividend per share up 7% year-on-year [8][95] - The company has returned £10 billion in capital to shareholders since 2020, representing around 75% of its current market cap [87][88] Q&A Session Summary Question: What are the expectations for the Direct Line acquisition? - Management is excited about the potential synergies and market leadership that the acquisition will bring, with a focus on enhancing customer offerings and shareholder value [12][100] Question: How does the company plan to manage the impact of extreme weather events? - The company aims to maintain strong pricing actions and improve the combined ratio while managing risks associated with severe weather [29][116] Question: What are the growth targets for the retirement segment? - The company expects to maintain similar bulk purchase annuity volumes of £15 billion to £20 billion over the next three years, focusing on generating strong returns [39][126]
Aviva: Direct Line Expected Acquisition Doesn't Change Its Income Appeal
Seeking Alpha· 2025-02-24 16:52
Core Viewpoint - Aviva is highlighted as a compelling income investment within the European insurance sector, primarily due to its high and sustainable dividend yield [1]. Company Summary - Aviva is recognized for its attractive dividend yield, which appears to be sustainable over the long term, making it an interesting choice for income-focused investors [1].
Aviva Canada encourages municipalities to apply for funding for Level 2 EV charging stations
GlobeNewswire News Room· 2024-11-04 19:00
Core Insights - Aviva Canada has launched the application period for the third year of its Charged for Change program, aimed at enhancing public electric vehicle (EV) charging infrastructure in underserved communities [1][3] Group 1: Program Overview - The Charged for Change program, in partnership with Earth Day Canada, has a funding pool of $3 million for municipalities and Indigenous communities to install Level 2 EV chargers [2] - Applications for funding are open until February 20, 2025, allowing municipalities across Canada to participate [2] Group 2: Program Impact - In its first year, the program funded Level 2 charging stations in seven Ontario municipalities, resulting in 2,600 charging sessions and 8,300 charging hours as of September 15 this year [4] - The second year saw the program expand to eight municipalities across Canada, with projects either underway or completed [5] Group 3: Community Benefits - Access to public charging infrastructure is identified as a critical factor for consumers considering EV purchases, particularly in rural areas [6] - Testimonials from municipalities highlight the positive impact of the program on local EV adoption and community engagement [7][8][9] Group 4: Company Commitment - Aviva Canada is committed to creating a sustainable future and aims to support the transition to EVs through initiatives like the Charged for Change program and offering discounts on EV insurance [10]
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
CNBC· 2024-09-03 10:29
Core Insights - Zilch, a British fintech firm, reported its first-ever month of profit in July 2024, marking a significant milestone as it aims for an eventual initial public offering [1] - The company achieved profitability within four years of its founding, outperforming competitors like Starling and Monzo, which took over three and four years, respectively [2] - Zilch's annual revenue run rate surpassed £100 million ($130 million), doubling from the previous year's run rate [2] - CEO Philip Belamant stated that Zilch achieved profitability by focusing on business growth rather than cost-cutting, despite the high-interest rate environment [3]
Aviva(AVVIY) - 2024 Q2 - Earnings Call Transcript
2024-08-14 13:53
Financial Data and Key Metrics Changes - Operating profit increased by 14% to £875 million, with underlying operating profit growth of 27% [14][24] - Generated £722 million of operating capital, up 17%, with a cover ratio of 205% [14][24] - Interim dividend announced at 11.9p, up 7% year-on-year [3][25] Business Line Data and Key Metrics Changes - General Insurance premiums rose by 18% to £3.8 billion, with personal lines growing by 30% [15] - Wealth net flows increased by 16% to £5 billion, with workplace flows growing by 4% [20] - Protection sales grew by 49% following the AIG acquisition, with operating profit in Protection up 31% to £46 million [19] Market Data and Key Metrics Changes - UK market shows significant growth potential, with the wealth market expected to triple to nearly £5 trillion over the next decade [5] - Canadian market also demonstrated growth, with overall premiums up by 10% [16] Company Strategy and Development Direction - Company focuses on four strategic priorities: growth, customer, efficiency, and sustainability [4] - Aiming for 70% of earnings to come from capital-light businesses by 2026, enhancing growth and returns for shareholders [6][50] - Continued investment in organic growth and targeted M&A to support strategic goals [6][52] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the UK financial services sector and the broader economy, citing political certainty and economic stability [5] - Anticipates continued growth in Wealth and Health businesses, while protection growth is expected to moderate [26] Other Important Information - Completed a £300 million share buyback in June [3] - Launched new initiatives like the Aviva Simple Wealth and Find and Combine services to enhance customer engagement [11][40] Q&A Session Summary Question: Project spend sustainability - Management indicated that the reduced project spend is sustainable moving forward, primarily due to the completion of long-term projects [30][32] Question: Reserve additions in the UK - Reserve strengthening was noted, driven by specific large losses and inflation impacts, but management maintains a neutral outlook [30][33] Question: Long-term ambition in Global Corporate and Specialty market - Management sees significant opportunities in the Global Corporate and Specialty market, particularly following the Probitas acquisition, but no specific long-term targets were set [30][34] Question: Bulk quotation tool contribution - The Aviva Clarity tool has facilitated nearly 40 deals this year, contributing positively to margins [36][37] Question: Direct Wealth proposition progress - Management is optimistic about the Direct Wealth opportunity, with significant investments and customer engagement initiatives underway [39][40] Question: Solvency and capital allocation - Management reiterated a commitment to returning capital to shareholders while also investing in growth opportunities [56][57]
Aviva(AVVIY) - 2023 Q4 - Earnings Call Presentation
2024-03-07 19:12
Financial Performance - Group operating profit reached £1.467 billion[66], reflecting a 9% increase[30] - IWR (Insurance, Wealth & Retirement) operating profit was £994 million[8], showing a 10% increase excluding interest rate mismatch[8] - UK & Ireland General Insurance operating profit increased by 63% to £452 million[73] - Canada General Insurance operating profit increased by 18% to £399 million[99] Growth & Sales - IWR sales grew by 7% to £35.5 billion[8] - Health sales increased significantly by 41%[15, 18] - UK commercial lines premiums increased by 16%[57] - BPA (Bulk Purchase Annuities) sales were up 17%[125] Capital & Solvency - Solvency II Operating Own Funds Generation (SII OFG) increased by 12% to £1.729 billion[145] - Solvency II Return on Equity (SII RoE) was 14.7%[145], compared to 9.9% in the previous year[266] - The company is planning a £300 million share buyback program[62] Cost Efficiency - The company has achieved £757 million in gross cost reductions from 2018-2023[30, 31], exceeding the £750 million target[127] - Baseline controllable costs decreased by 12%[127] General Insurance - GI premiums increased by 9%[30]
Aviva(AVVIY) - 2023 Q4 - Earnings Call Transcript
2024-03-07 19:11
Aviva plc (OTCPK:AVVIY) Q4 2023 Earnings Conference Call March 7, 2024 3:30 AM ET Company Participants Amanda Blanc - Chief Executive Officer Charlotte Jones - Chief Financial Officer Conference Call Participants Andrew Sinclair - Bank of America Ashik Musaddi - Morgan Stanley Nasib Ahmed - UBS Rhea Shah - Deutsche Bank Andrew Crean - Autonomous Dominic OÂ'Mahony - BNP Paribas Exane Larissa Van Deventer - Barclays Mandeep Jagpal - RBC Capital Markets Thomas Bateman - Berenberg Steven Haywood - HSBC Bingdi F ...
Aviva(AVVIY) - 2022 Q2 - Earnings Call Presentation
2022-08-11 07:04
akes Aviva plc Interim results 2022 10 August 2022 AVIVA Disclaimer & important information Cautionarystatements This document should be read in conjunction with the documents distributed by Awa de (the "Company' or "Awa") through Tile Regulatory Nice (RVS). This announcement contain forward-booking statements' with respect to certain of Awiva's plans and current goals and expectations relating to future financial condition, performance, results, stat 'believes', 'ntends', 'expects', 'pray', twill', teeks', ...