2024-04-11 05:40:05 ET
Summary
- Aviva has diversification in multiple GEO locations and offers a positive upside on CSM growth and individual annuities.
- The company's capital position is solid, with a Solvency II ratio of 207% and a moderate market risk.
- Higher guidance with a focus on shareholders' remuneration. Aviva deserves a buy rating.
At the Lab, we are excited to comment on Aviva plc (AIVAF) (AVVIY) once again. Following our previous publication stating that Aviva was not a potential takeover candidate , we continued to emphasize the company's undervaluation. At that time, the company was a unique opportunity for investors, especially considering a 2024 total yield of 12% ( Remuneration Story In Place ) coupled with a solid Solvency II ratio. Considering Aviva's latest positive results (Fig 1) and a new achievable outlook by 2026 (Fig 2), it is a good moment to update our readers....
Read the full article on Seeking Alpha
For further details see:
Aviva: Good Diversification And Modest Risk, Maintain Buy