Disposal of business units could result in Aviva share re-rate
Aviva's decision to cut its losses and leave 16 underperforming business segments could result in a share re-rate, analysts have predicted.
According to sister title Post, analysts also warned that leaving the underperforming segments could prove "challenging" amid the current market climate.
Yesterday, new chairman John McFarlane confirmed the decision to exit the non-core segments which are set to produce returns below the group's required capital.
These include South Korea, UK large-scale bulk purchase annuities and small Italian partnerships.
And speaking to Post, Investec analyst Kevin Ryan said the decision is likely be a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace
- Wakam receives PRA approval for new £500m GWP UK insurer