"The UK exiting the EU has negatively impacted financial companies, including insurance firms. However, Aviva's update is an assurance to the company's fundamentally strong position, and its solvency ratio is well within the working range. The company boasts of a solid balance sheet, with low sensitivity to market stress, and has tripled the economic capital surplus over the past four years. As per Aviva's preliminary results, it had a solvency II ratio of 180% and surplus of £9.7bn. The company would continue to monitor the effects of Brexit. Overall, Aviva is well placed in both financial and operational aspects to deliver long-term growth.." Beaufort note out earlier today on Research Tree
i think Aviva simply rode up on the momentum of post-election results last week. Normality has returned and uncertainty around Greece will dog us until the markets can either see a positive outcome for them or the markets can quantify the impact on Aviva exposure. With hindsight i should have sold but i generally tend to hold long term these days.
Welcome to the new Aviva stream forum! Messages posted in the Aviva stream will be logged here for posterity.
Latest from the Community...
Latest from the Community...
Latest from the Community...