The Financial Outlook of Aviva
It's the aviva broker you are looking for. For the financial arena, look Aviva. Aviva also has an eye on the emerging markets in Asia and in Europe and, in particular, on those in China and South East Asia. Aviva is a member of the FTSE 100 and has a prominent listing on the London Stock Exchange.
Aviva, the world's largest life insurance company, today announce that they have combined with an investment banking arm of Citibank to form a new company named Aviva Investors. The aviva announced that it had acquired a 100% share in Citibank's life insurance portfolio. This is really good news for avid shareholders as aviva announced in early July that it had raised $80 million from institutional investors for its direct investments arm. In this deal, avid investors will be gaining access to more shares of stock in the life insurance companies they already have underwritten.
If you want to see - Why Investing In Aviva
The investment bank in which Aviva investors will gain access to their stock portfolio is called Citibank, which happens to be the lender for many of the visa broker customers in the USA. Citibank is also the main underwriter of the avian life products it sells and services. Aviva's CEO, John C. Spear, is based in Purchase, New York.
This is a very good thing for the Aviva investors since this means that John C. Spear's business is based in the United States and that there are no restrictions on purchasing or selling products between Aviva and the buyer. In addition, since the visa broker facility is now owned by the investment bank, the costs of servicing via clients will be substantially reduced or eliminated, resulting in better value for visa clients.
The aviva company in the United Kingdom is on track to reach the end of the financial year 2007 with approximately 33 million customers. This is based on financial statements provided by the company in its quarterly filing with the Financial Services Authority in the United Kingdom. The financial statements indicate an increase in net profit and an increase in net debt. However, despite the great improvement on financial statements, the total revenue generated was only slightly higher than the year before. This has caused many of the avid investors to become disappointed as they are expecting more revenue growth and performance.
In order for the aviva company to meet their financial forecasts, they need to increase their investment in life cover and also make more clients. In order for the aviva ceo to fulfill these two objectives, John C. Spear has decided to take on additional investment from other sources outside of aviva. He has chosen private equity and life insurance companies as well as an asset management company to help increase the size of the investment.
It is interesting to follow the career path of one of the leading shareholders in a large life insurance company. When asked why he made the investment, John C. Spear said that aviva was the perfect place for him to do this. He went on to state that visa had a solid performance history, a low risk profile, and a strong future outlook. This was followed by him stating that aviva's management team was excellent, the company held great respect in the insurance industry, and viva commission rates were competitive and extremely reasonable. These facts combined to make the investment a sound one for John C. Spear.
With John C. Spear as a key shareholder and owner of Aviva, it is expected that the UK life insurance company will experience significant increases in revenues and a substantial increase in profit margin. They are expecting an increase in the number of life cover policies that they sell. This is due to the fact that Aviva is focusing more on being a niche player within the insurance industry in the UK. This move is expected to launch alive into a new market where they can compete with other life insurance companies that already have a considerable amount of market share.
Currently, visa has one million and five hundred employees. This is a significant figure and one that is likely to increase as the years go by. Many of the aviva investors are from the financial industry and insurance sector. The largest chunk of aviva investors are from the finance and banking sector along with the electronic insurance sector. Overall, there is a strong chance that aviva will be able to meet their sales targets and remain a profitable and successful business for the foreseeable future.