Legal & General or Aviva Shares

Sally57
Sally57 Posts: 205 Forumite
Fifth Anniversary 100 Posts Name Dropper
edited 14 July 2020 at 11:28AM in Savings & investments
I am looking to invest in some insurance company shares and have narrowed this down to L&G or Aviva. L&G are still paying a dividend but Aviva looks decent value and has a good p/e ratio. Any views/comments on these insurers or any others? 
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Comments

  • dunstonh
    dunstonh Posts: 119,306 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Why have you eliminated Phoenix?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • StellaN
    StellaN Posts: 354 Forumite
    Fourth Anniversary 100 Posts
    Phoenix is also still paying a dividend.
  • Sally57
    Sally57 Posts: 205 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    dunstonh said:
    Why have you eliminated Phoenix?
    I must admit I've not considered Phoenix and didn't realise they have continued paying a decent dividend. I'll do a bit more research.
  • Sue58
    Sue58 Posts: 288 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    My father has held both L&G and Aviva shares for many years and he has always been happy with the dividends for his income, although Aviva has stopped paying their dividend at the moment. IMO insurers and bank shares and are relatively good value at the moment but they may be even better value depending on the trade deal outcome. 
  • Sally57
    Sally57 Posts: 205 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    As I'm mainly looking for good dividend payments then on reflection it may be better to buy some L&G and Phoenix. This is until its more clear on when Aviva will start paying dividends again.
  • dunstonh
    dunstonh Posts: 119,306 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    L&G has barely any business in the UK nowadays.  It is selling its legacy book to Phoenix (indirectly - It is being sold to Reassure and Phoenix are buying Reassure).  L&G are retaining corporate business.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Gary1984
    Gary1984 Posts: 366 Forumite
    Tenth Anniversary 100 Posts Name Dropper
    Just buy both to hedge your bets? Chesnara are another possibility, a bit like a smaller Phoenix. 
  • bd10
    bd10 Posts: 347 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    Have you considered reinsurances or insurances outside the UK?
  • coachman12
    coachman12 Posts: 1,069 Forumite
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    I have to go for Aviva as I hold a sizeable number of shares and have no intention of reducing them.
    They have always served me well and lack of dividends is not a problem for me. All portfolios should include at least one company in the insurance sector and my top rated one is definitely Aviva.
  • Sally57
    Sally57 Posts: 205 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    I have to go for Aviva as I hold a sizeable number of shares and have no intention of reducing them.
    They have always served me well and lack of dividends is not a problem for me. All portfolios should include at least one company in the insurance sector and my top rated one is definitely Aviva.
    Any particular reason why you prefer to hold a sizeable number of shares in Aviva in preference to L&G or Phoenix?
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