“The company is in recovery mode and, at Aviva’s own admission, there remains a long way to go. However, many of its key metrics are notably improving, such as the value of new business, capital surplus and reduction of operating expenses. Its largest markets of the UK and France are growing well.
BARRIE CORNES | PANMURE
“The capital, cash and solvency position all appear either in line or above our forecasts. CEO Mark Wilson comments that Aviva is still in the ‘early stages of a turnaround’ and that ‘there remains much work to be done’. We concur and maintain our ‘Hold’ recommendation.
PAUL BRADLEY | CITI
“No surprises in today’s IMS. Aviva continues to deliver on its key metrics of capital generation, expense reductions, [value of new business] growth and solvency. We retain our ‘Buy’ rating on Aviva and see little reason for material changes to consensus estimates.