Revision of Ogden Method Is Neutral for Aviva
We believe the recent announcement regarding the planned reforms of the Ogden discount rate is neutral for Aviva. We will maintain our GBP 5.75 fair value estimate and no-moat rating.Following the U.K. government’s decision to revise the Ogden discount rate from 2.5% to negative 0.75% in February, car insurance premiums in the United Kingdom have increased on average by around 20%. The majority of this increase to a comprehensive policy costing around GBP 850 is predominantly due to the higher ...
Aviva is a holding company. Through its subsidiaries, Co. provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Co.'s long-term insurance businesses provide a range of life insurance and savings products, which include annuities, equity release, pensions, protection, bonds and savings, and investment sales. Co.'s general insurance business operates under the Aviva brand and focuses on personal lines, commercial lines, health insurance, and corporate and specialty risks. Co.'s Aviva Investors, its asset management business, provides asset management services to Co.'s long-term insurance and savings, among others.
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.
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