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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', ...
Aviva(AVVIY) - 2022 Q2 - Earnings Call Transcript
2022-08-11 07:03
Aviva plc (OTCPK:AIVAF) Q2 2022 Earnings Conference Call August 10, 2022 3:45 AM ET Company Participants Amanda Jayne - Chief Executive Officer Colin Simpson - Chief Financial Officer Conference Call Participants Farooq Hanif - JPMorgan Oliver Steel - Deutsche Bank Ashik Musaddi - Morgan Stanley Alan Devlin - Goldman Sachs Andrew Crean - Autonomous James Shuck - Citigroup Larissa van Deventer - Barclays Capital Min Zhu - Credit Suisse Greig Paterson - Keefe, Bruyette & Woods Nasib Ahmed - UBS Dominic OÂ'Mah ...
Aviva(AVVIY) - 2021 Q4 - Earnings Call Transcript
2022-03-02 15:45
Financial Data and Key Metrics Changes - Cash remittances increased by 22% to £1.66 billion, on track to achieve a target of greater than £5 billion over 2021 to 2023 [22][23] - Year-end Solvency II position was strong at 244%, with a pro forma ratio expected to be 186% after planned debt reduction and acquisition [23][28] - Total capital return announced at £4.75 billion, exceeding the original promise of at least £4 billion [16][36] Business Line Data and Key Metrics Changes - Life new business sales grew by 23%, driven by bulk purchase annuities with record volumes of £6.2 billion [13][25] - General Insurance premiums increased by 6% to £8.8 billion, with a combined ratio of 92.9% [25][50] - Savings & Retirement net flows rose by 17% to exceed £10 billion, marking a record for Aviva [14][26] Market Data and Key Metrics Changes - UK & Ireland Life cash remittances rose by 21% to £1.2 billion, with profits and AUM in Savings & Retirement up 24% and 19% respectively [44][46] - In Canada, General Insurance achieved its highest level of premiums and profits on record, with commercial line premiums up 10% [54] Company Strategy and Development Direction - The company is focused on four strategic priorities: growth, customer, efficiency, and sustainability [60][85] - A significant acquisition of Succession Wealth for £385 million aims to enhance financial advice offerings and capture maturing outflows from existing customers [19][73] - The company plans to invest £300 million to accelerate organic growth, targeting a £100 million increase in operating profit [18][100] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for Aviva, highlighting strong operational momentum and the successful execution of strategic plans [15][57] - The company is optimistic about growth opportunities in the wealth market, with a £1.6 trillion market opportunity projected to grow to £2.1 trillion by 2024 [64][65] - Management acknowledged the uncertain external environment but emphasized a commitment to maintaining a strong capital framework [104] Other Important Information - The company has achieved £244 million in cost reductions, with a new target of £750 million by 2024 [40][41] - The dividend for 2021 was declared at just over 22p per share, up 5% year-on-year, with anticipated increases for 2022 and 2023 [17][34] Q&A Session All Questions and Answers Question: Cash plan and future cash generation - The company upgraded its cash flow target to £5.4 billion, providing more flexibility for investments and growth [96][97] Question: Solvency II review and capital targets - Management has not built expectations from the Solvency II review into their plans but remains encouraged by recent announcements [104][106] Question: Investment in growth and expected returns - The £300 million investment is expected to support various growth initiatives across the group, with no single project being solely responsible for the anticipated profit increase [100][101]
Aviva(AVVIY) - 2021 Q4 - Earnings Call Presentation
2022-03-02 13:29
It takes Aviva plc 2021 results 2 March 2022 For 325 years AVIVA 1 Disclaimer & important information Cautionary statements This document should be read in conjunction with the documents distributed by Aviva plc (the 'Company' or 'Aviva') through The Regulatory News Service (RNS). This announcement contains, and we may make other verbal or written 'forward-looking statements' with respect to certain of Aviva's plans and current goals and expectations relating to future financial condition, performance, resu ...
Aviva(AVVIY) - 2021 Q2 - Earnings Call Presentation
2021-08-13 13:20
Strategic Progress and Financial Performance - Aviva substantially completed the sale of 8 businesses for £7.5 billion[9] - The interim dividend increased by 5% to 735p[11] - Debt reduction of £19 billion occurred in H1, with approximately £1 billion additional debt reduction expected[11] - The company plans to return at least £4 billion of capital to shareholders by HY 2022, including a share buyback of up to £750 million[11] - Operating profit increased by 17% to £725 million[14] Growth and Efficiency - Individual savings net flows increased by 48% to £28 billion[16] - Workplace pension net flows increased by 8% to £27 billion[18] - Controllable costs decreased by 2%[14] - UK General Insurance commercial lines experienced growth of 16%[23] Financial Strength and Capital Returns - Cash remittances increased significantly to £11 billion[14] - The Solvency II debt leverage ratio decreased to 26%[39] - ESG fund net flows in H1 2021 increased by 295% compared to H1 2020, reaching £324 million[37]
Aviva(AVVIY) - 2020 Q4 - Earnings Call Presentation
2021-03-05 12:02
Aviva ple 2020 Results AVIVA Disclaimer Cautionarystatements: This document should be cad in conjuncion with the documents discributed by Aris and of the Corpoper or 1 News) Ifrought The Regulatory News Sentice RWS, This annumcement wth respect to certain of Awivis sylans and curent goals ontrelet more of manacial condition, performance, reallts, stategic initiatious and dobjectives. Satements containi seeks', 'airls', 'may', 'tould', outdook, 'Merly', target', godi, goidane', 'tlends', 'potentia' and 'anti ...
Aviva(AVVIY) - 2020 Q4 - Earnings Call Transcript
2021-03-04 20:31
Aviva plc (OTCPK:AIVAF) Q4 2020 Earnings Conference Call March 4, 2021 3:30 AM ET Company Participants | --- | |-------------------------------------------------------| | | | Amanda Blanc - CEO | | Jason Windsor - CFO | | Conference Call Participants | | James Shuck - Citi | | Oliver Steel - Deutsche Bank | | Jon Hocking - Morgan Stanley | | Blair Stewart - Bank of America | | Andrew Crean - Autonomous | | Colm Kelly - UBS | | Ashik Musaddi - JPMorgan | | Gordon Aitken - RBC | | Steven Haywood - HSBC Lariss ...
Aviva(AVVIY) - 2020 Q3 - Earnings Call Transcript
2020-11-26 23:41
Aviva plc (OTCPK:AIVAF) Q3 2020 Earnings Conference Call November 26, 2020 3:00 AM ET Company Participants Amanda Blanc - CEO Jason Windsor - CFO Conference Call Participants Jon Hocking - Morgan Stanley James Shuck - Citigroup Oliver Steel - Deutsche Bank Blair Stewart - Bank of America Andrew Crean - Autonomous Farooq Hanif - Credit Suisse Greig Patterson - KBW Ming Zhu - Panmure Gordon Steven Haywood - HSBC Operator Ladies and gentlemen, thank you for standing by, and welcome to Aviva plcÂ's Q3 2020 Inve ...
Aviva(AVVIY) - 2020 Q2 - Earnings Call Transcript
2020-08-10 03:48
Aviva plc (OTCPK:AIVAF) Q2 2020 Earnings Conference Call August 6, 2020 3:30 AM ET Company Participants Amanda Blanc - Chief Executive Officer Jason Windsor - Chief Financial Officer & Executive Director | --- | |-----------------------------------------------| | | | Conference Call Participants | | Jonathan Hocking - Morgan Stanley | | James Shuck - Citigroup | | Greig Paterson - KBW | | Ashik Musaddi - JPMorgan | | Blair Stewart - Bank of America Merrill Lynch | | Fahad Changazi - Mediobanca | | Colm Kell ...
Aviva(AVVIY) - 2020 Q2 - Earnings Call Presentation
2020-08-07 15:02
Aviva plc Interim results 2020 AVIVA Disclaimer Cautionary statements: This shendd beread in conjumcion with the otracined disciliused by Awira pic (the "Company" of "Avive")") throught the Regulatory News Service (BHS). This annuancement con espect to certain of Aviva's shars and cronent gools and expectations relating of thre Thancial confibion, performance, results, statements containing the words "believed", seeks", "ainrs", "may", "could", "tuddol", "Mely", "apet", "goidance", "pstimates", "potential" ...