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ANALYST VIEWS: WHAT DID YOU THINK OF AVIVA’S END OF YEAR RESULTS?

BARRIE CORNES | PANMURE GORDON
Aviva has reported 2009 results that were well ahead of consensus and above the top end of the range for MCEV and IFRS operating profit. Given the investment risk of the Prudential/AIA deal we recommend a switch into Aviva.”

JAMES HUGHES | CMC MARKETS
“In London, numbers from Aviva were under close scrutiny, especially after the Prudential deal was announced. The UK’s second largest insurer beat analyst expectations and showed encouraging signs in the fourth quarter that their clients were beginning to save again.”

JON HOCKING | MORGAN STANLEY
“Aviva’s operating earnings beat consensus driven in both cases by the life business and to a lesser extent a strong asset management performance. We continue to think Aviva is a very inexpensive stock – that can grow earnings as volumes return.”