Report
Henry Heathfield
EUR 98.48 For Business Accounts Only

Aviva’s digital and fund-management efforts are building a stronger business for the future.

Aviva reported a very strong set of full-year 2016 results, confirming that its turnaround efforts are well under way. We are maintaining our GBX 570 fair value estimate and no-moat rating.
Aviva reported strong performance across all metrics. Operating profit was up 12% to GBX 3 billion, which led to a corresponding 12% increase in the dividend. The payout ratio is subsequently up to over 45% and well on its way to the 50% target payout ratio. The capital position of the business is up to just ...
Underlying
Provider
Morningstar
Morningstar

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.

Analysts
Henry Heathfield

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