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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  AA    AA.   GB00BMSKPJ95

AA

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AA : adds Aviva to broker panel

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10/30/2019 | 04:08am EDT

AA plc

(the 'Company')

AA adds Aviva to broker panel

October 30, 2019

The AA is pleased to announce the addition of Aviva, the UK's largest insurer, onto their broker panel for motor insurance. Aviva are the first external insurer to join the AA motor panel, which includes many of the UK's leading insurance companies, in over 10 years.

Aviva, who have 16 million customers in the UK, will help expand the potential market for the AA broker as well as providing competitive premiums for AA members and customers.

Simon Breakwell, AA CEO says; 'I'm delighted to welcome Aviva onto our broker panel.

'Aviva insures one in 10 cars on UK roads, so we are delighted to welcome this incredible partner onto our panel. This demonstrates the strength, stability and potential of the panel and our insurance business.

'Growing our insurance profile and customer base is key to our ongoing success and shows that we are on target to achieve our goals.

'We are making significant progress on our strategic plan, including growing the insurance business, and are building operational momentum across the AA, working closely with our partners and forming long-term relationships remains a key focus for our business.'

ENDS

For further enquiries, please contact:

Investors:

Zeeshan Maqbool, Investor Relations and Corporate Finance

Tel: +44 (0)20 7395 7301

Zeeshan.Maqbool@TheAA.com

Media: FTI Consulting

Alex Le May

John Waples

Nick Hasell

Tel: +44 (0)20 3727 1340

AA plc is listed on the London Stock Exchange

Registered Office: Fanum House, Basing View, Basingstoke, Hampshire, RG21 4EA

Registered in England & Wales number: 05149111

Legal Entity Identifier number: 213800DTPE4O5OI17349

Disclaimer

AA plc published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 08:06:08 UTC

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Financials (GBP)
Sales 2020 996 M
EBIT 2020 258 M
Net income 2020 78,0 M
Debt 2020 2 625 M
Yield 2020 11,8%
P/E ratio 2020 1,29x
P/E ratio 2021 1,49x
EV / Sales2020 2,74x
EV / Sales2021 2,60x
Capitalization 105 M
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 7
Average target price 95,71  GBp
Last Close Price 17,00  GBp
Spread / Highest target 1 076%
Spread / Average Target 463%
Spread / Lowest Target -70,6%
EPS Revisions
Managers
NameTitle
Simon John Breakwell Chief Executive Officer & Director
Edmund King President
John Leslie Leach Chairman
Kevin Jeremy Dangerfield Chief Financial Officer & Director
Ollie Holden Chief information Officer
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