Life insurer Aviva may post a loss of $500 Million
Britain’s Aviva PLC may have to take a 500 Million dollar loss on the sale of its Australian Life Insurance operations according to analysts, NAB through its MLC Life Insurance operations or Life Insurer AMP appear to be the front runners in potential buyers.
Analysts believe that on a 10 times earning model Aviva Australia would sell for around $600 Million which would give Aviva PLC a book loss of around $460 Million
Get free Life Insurance quotes through Quotesonline
Your Life Insurance Quotes will come from a licensed Authorised Representative so you can compare products and features
Please note: Quotesonline Partners may offer you products from other insurers not listed above*The information provided by Quotesonline.com.au is indicative only and given in good faith by Quotesonline.com.au and our partners. All information is subject to change without notice.Please refer to Terms and Conditions of you insurance policy from the respective institution. Please also note Evitz “Quotesonline” does not have a Australian Financial Services License, but may gain commission from sales as a result of your insurance purchase. The information in this website is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product