Aviva maintains momentum to deliver strong results

As Aviva delivers its latest quarterly results to the market, Nick Raynor, investment advisor at The Share Centre explains what this means for investors.

"This morning Aviva reported a promising set of quarterly figures to the market - which saw total life and pensions new business sales for the three quarters ended September 30 at £25.55 billion, up from £24.06 billion in the same period last year.

"This news, coupled with a strong cost cutting programme, puts Aviva in an extremely strong position going forwards, and in the company's own words, well placed to deliver ‘outstanding capital generation' for 2010.

"At the Share Centre we believe Aviva offers considerable value for investors - especially as its current net asset value ratio means that if the company were broken up today then investors would receive more for their money than the current share price reveals.

"For income seekers Aviva also offers a reassuringly consistent 7% dividend - a rare occurance in today's markets.

"Overall Aviva remains our preferred company in the general insurance sector. Although it is a medium risk investment, due to the volatility of the financial sector and its exposure to Asia, we think it is a good option for investors."