Aviva Plc · LSE:AV.
Aviva — Q1 2020 Earnings Presentation
8 slides from Aviva's earnings presentation, Jun 25, 2020
Slide 1: Aviva plc Investment portfolio snapshot
Aviva plc Investment portfolio snapshot AVIVA
Slide 2: Disclaimer
Disclaimer Cautionary statements: This should be read in conjunction with the docum nts distributed by Aviva plc (the “Company” or “Aviva”) through the Regulatory News Service (RNS). This announcement contains, and we may make other verbal or written “forward-looking statements” with, respect to cer
Slide 3: Key messages
messages Aviva’s high quality investment portfolio continues to perform well In our shareholder corporate bond portfolio, approximately 5% is invested in sectors most directly impacted by Covid-19, such as airlines, retail & leisure, and oil & gas In 2020 our shareholder corporate bond portfolio has
Slide 4: Total managed assets
Total managed assets Assets by liabilities covered Participating fund assets 31 December 2019: £401,025m Total: £134,952m Comprises UK style (£53,123m) and European style (£81,829m) with-profits funds 34% Policyholder assets Total: £172,368m Policyholder bears risk of change in asset values Sharehol
Slide 5: Shareholder assets by type
Shareholder assets by type Shareholder assets Total managed assets 31 December 2019 £93,705m. 17% 26% Government debt [lJ Mortgage loans Hl Corporate bonds Other Other debt Corporate bonds 31 December 2019 £25,675m. 1% = «8% 1% AAA (BBB maa <BBB A Internally rated” Corporate bonds * — Less than BBB
Slide 6: Shareholder assets - corporate bonds
Shareholder assets - corporate bonds Q1 view of corporate bonds by industry Very low exposure to sub-sectors most directly impacted by Covid-19 1Q 2020 Airlines * Less than 0.5%, non-material exposure comprising two positions, the larger of which is receiving government support and is AA rated Retai
Slide 7: Commercial mortgages (FY19: £7,640m)
Commercial mortgages (FY19: £7,640m) Average LTV 56%, with loan interest cover of 2.9x * The commercial loan portfolio is split across the following sectors Office JM Retail Industrial [J Student Leisure Warehousing* Other * — ¢50% of UK office exposure is central London and a further c30% relates t
Slide 8: Participating fund and policyholder assets
Participating fund and policyholder assets Participating fund assets 31 December 2019: £134,952m 3% Government debt Hl Corporate bonds Il Other debt HB Loans Equity securities 11% 35% Investment property Wl Other * UKstyle with-profits funds of £53,123m * European style with-profits funds of £81,829