Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

496.60p
   
  • Change Today:
      0.40p
  • 52 Week High: 498.50p
  • 52 Week Low: 369.20p
  • Currency: UK Pounds
  • Shares Issued: 2,724.71m
  • Volume: 6,624,085
  • Market Cap: £13,531m
  • RiskGrade: 140

Treasury launches consultation on insurance rules shake up

By Abigail Townsend

Date: Thursday 28 Apr 2022

LONDON (ShareCast) - (Sharecast News) - The UK government has launched a consultation on its plans to radically overhaul the rules governing insurance companies.
HM Treasury is proposing changing the European Union's Solvency II, which governs the prudential regulation of insurance firms in the UK, as part of its post-Brexit reforms.

In particular, it wants a "substantial" reduction in the risk margin for long-term life insurers, thereby releasing capital on insurers' balance sheets, and for firms to have more flexibility to invest in long-term illiquid assets, such as green infrastructure including offshore wind farms.

It is also proposing a "meaningful" reduction in the current reporting and administration requirements, and a more sensitive treatment of credit risk in the matching adjustment. The matching adjustment enables insurers to issue long-term life insurance products by matching them against assets with similar characteristics.

John Glen, economic secretary to the Treasury, said: "Our reforms will unlock tens of billions of pounds of investment in the UK economy, spur innovation in the market while protecting policy holders, and will cement the UK's position as a global hub for financial services."

The consultation, which will run for 12 weeks, is due to close on 21 July. The Prudential Regulation Authority will publish its own technical consultation later in the year, the government confirmed.

As at 1030 BST, blue chip insurer Prudential was trading 2% higher at 1,007.5p, while Aviva was 1% stronger at 432.7p and Legal & General was ahead 2% at 249.9p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Aviva Market Data

Currency UK Pounds
Share Price 496.60p
Change Today 0.40p
% Change 0.08 %
52 Week High 498.50p
52 Week Low 369.20p
Volume 6,624,085
Shares Issued 2,724.71m
Market Cap £13,531m
RiskGrade 140

Aviva Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.99% above the market average58.99% above the market average58.99% above the market average58.99% above the market average58.99% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average59.89% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
86.89% above the market average86.89% above the market average86.89% above the market average86.89% above the market average86.89% above the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
70.23% below the market average70.23% below the market average70.23% below the market average70.23% below the market average70.23% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 6
Sell 0
Strong Sell 0
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Aviva Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Apr-24 24-Aug-23
Paid 23-May-24 05-Oct-23
Amount 22.30p 11.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:42 24,921 @ 496.60p
16:35 3,313,433 @ 496.60p
16:35 2,623 @ 496.60p
16:35 8,763 @ 496.60p
16:35 10,782 @ 496.60p

Aviva Key Personnel

CEO Amanda Blanc
CFO Charlotte Jones

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