Aviva PLC

AV.

Equity

ISIN GB00BPQY8M80 / Valor 118133044

LSE London Stock Exchange, SETS (2024-12-23)

GBP 4.62+1.14%

Aviva PLC
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Aviva PLC is a leading insurance company that places a strong emphasis on sustainability in its business operations. The company's Sustainability Ambition outlines its dedication to creating a brighter future through social action, climate action, and sustainable business practices. Aviva's core focus areas include providing insurance products and services, as well as actively engaging in initiatives that contribute to a more sustainable and responsible business environment.

Summarized from source with an LLMView SourceSector: Finance

Solvency and Liquidity

In Aviva PLC's Q3 2024 trading update, the company reported a robust Solvency II shareholder cover ratio of 195%, down from 205% in the previous half-year. This decrease was attributed to high Canada CATs, strong Q3 BPA sales, and economic impacts such as falling interest rates. The Solvency II debt leverage ratio improved to 29.5% from 31.1% after redeeming €700m Tier 2 notes and completing a £500m Tier 2 debt tender and issuance.

Insurance Sales Growth

Aviva PLC's Q3 2024 results highlighted a 22% increase in insurance sales, reaching £403 million compared to £330 million in the same period last year. This growth was driven by a 44% rise in protection sales, largely due to the acquisition of AIG. Health premiums also saw double-digit growth, although sales were 15% lower due to a strong prior year performance.

Wealth and Retirement Performance

In Q3 2024, Aviva PLC reported a 21% increase in net flows within its Wealth segment, totaling £7.7 billion. This was supported by strong performance in Workplace and Platform offerings. Retirement sales surged by 67% to £7.3 billion, driven by higher BPA volumes, while the value of new business in Retirement more than doubled to £234 million.

General Insurance Premiums

Aviva PLC's Q3 2024 trading update showed a 15% increase in general insurance premiums, totaling £9.1 billion. The UK and Canada contributed significantly to this growth, with personal lines premiums up 26% in the UK and 13% in Canada. However, the Canadian COR was impacted by severe weather events, resulting in an undiscounted COR of 100.0%.

Aviva Investors and AUM

Aviva PLC's Q3 2024 results indicated a reduction in net outflows for Aviva Investors, with total net outflows of £1.7 billion, an improvement from £2.1 billion in the previous year. External net inflows were strong at £0.6 billion, driven by multi-asset and fixed income performance. Assets under management increased by 2% to £238 billion, reflecting market movements and strong liquidity strategy flows.

Summarized from source with an LLMView Source

Key figures

7.26%1Y

-14.2%3Y

-16.4%5Y

Performance

17.0%1Y

27.6%3Y

31.6%5Y

Volatility