This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aviva PLC Q2 2010 Earnings Call Transcript

Aviva PLC (AV)

Q2 2010 Earnings Call

August 05, 2010 09:00 pm ET


Pat Regan - CFO

Andrew Moss - Group Chief Executive

Igal Mayer - Chief Executive, Aviva North America

Andrea Moneta - Chief Executive, Aviva Europe, Middle East and Africa


Nick Holmes - Nomura

Oliver Steel - Deutsche Bank

Colin Simpson - Goldman

Barrie Cornes - Panmure Gordon

James Burse - UBS

Blair Stewart - B of A Merrill

Andrew Crean - Autonomous

Duncan Russell - JPMorgan

Raghu Hariharan - Citi


Unidentified Company Representative

Good morning everybody. Thank you very much for making the time to come over here slightly earlier here, although I know is a very busy day for all of you. What we'll like to do this morning is first of all I am going to give you sort of overview of the business taking around the different regions and really try and assure you that these results, we believe are very strong almost every way you look and what I now want to do is hand over to Pat who will take you through the numbers in more detail and I will comeback and summarize and of course we will move to questions-and-answers and I think I'll have plenty of time as always for that part of the meeting.

Okay. The story I think is actually pretty simple, it's a story of strong growth in profits and of course the focus on capital generation that's have been of interest for many of you in the course of the last few months. I think we also have a good story to tell on that. So IFRS operating profit up 21%, MCEV operating profit up by the same percentage to £2 billion, return on equity on an IFRS basis across the business of 14.6%, substantial increase relative to last year. I am pleased to see the IFRS net asset value also increasing from the year end up to 394p.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AV $12.05 -3.98%
YHOO $27.05 -3.29%
AAPL $95.01 1.05%
FB $99.75 -4.15%
GOOG $682.74 -0.12%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs