Near-term growth will be limited, but we think the new Aviva will be a safer insurance company.
Aviva reported strong first-half results with operating profit of GBP 1,325 million, ahead of consensus estimates of GBPÂ 1,306 million. We plan to maintain our no-moat rating because there is no fundamental change in the competitive positioning of the business, and we hold our fair value estimate at GBX 570 per share.Growth in operating profit was driven by U.K. life, fund management and digital plus the three-month contribution from Friends Life. Headwinds were higher natural catastrophe and ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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