Aviva is a British multinational insurance company with its headquarters in London, UK. It is spread over 16 countries with around 33 million customers. In the UK it is the largest general insurance company that is a leading life and pensions provider. Aviva focuses on markets in Europe and Asia. In Asia, its major focus is on China and South East Asia.
Aviva is primarily listed on London stock exchange (LSE) and is also listed on FTSE 100 Index. It has a secondary listing on the New York Stock Exchange (NYSE) too. Aviva is mainly involved in providing general and life insurance, long-term savings schemes and fund management services. It is a large group of about 29,600 employees and £289.9 billion assets under management. Aviva contact number will enable people to contact their customer services and gain more details on their services and latest schemes.
Selecting an appropriate stock market to invest in is quite a tricky decision. Investors have to go through a lot of details, arguments and futuristic views on investments to come to a precise and positive conclusion. Here we take a look at Aviva stock market value whether it would be a good idea to invest in them or not. They are impressively widespread across UK, US, Europe, China and South East Asia.
Aviva did publish a certain short-term report projecting that their promising new business value has risen by 14% during January and September to up to £571 million. £302 million which is 5% increase has been observed in The UK market and its great activities and ever growing market in France, Turkey and Poland made the headlines. Businesses in these places have seen a rise by 33%, 40% and 48% respectively, which is quite impressive. Their restructuring drive has delivered excellent work and a drop in total expenses by as much as 8% during the period which is around £2.48 billion.
On the downside, Aviva has not been able to escape the effect of certain fragile areas of Europe on its operations due to macroeconomic and industry-specific issues. Its business values collapsed in Italy and Spain by as much as 63% and 41% corresponding to £19 million and £7 million respectively. The company is withdrawing from unprofitable distributions and switching towards protection and unit-linked products.
Even though it may have failed in two out of its many areas, it is still large and keeps restructuring its plans. It realizes that they are young and there is still much work to be done. The US saw its company divest in October for $2.6 billion as compared to an earlier estimate of $800 million which has played a crucial role in streamlining the business. The company also followed up the sale of its 39% stake in Italy for €33 million.
Although the company may have faced certain downhill situations, it does not reflect upon its ever improving and diligent earning outlook. Aviva still has a lot of hard work to put in to establish the firm as excellent in progress, so far its restructuring plans have been implemented and stays relevant to emerging market trends.