Aviva Plc Update on Capital Position

RNS Number : 2781C

Aviva PLC

27 June 2016

 

27th June 2016

AVIVA PLC UPDATE ON CAPITAL POSITION

Aviva plc ("Aviva") notes the recent market volatility following the outcome of the UK referendum on EU membership.  Aviva's capital position is resilient to market stress, and the company estimates that as of close of the markets on Friday 24th June 2016, its Solvency II coverage ratio remained close to the top of its working range of 150% - 180%.

As announced on 24^th June 2016, Aviva has conducted extensive analysis of the possible implications of a vote to leave the EU and considers it will have no significant operational impact on the company.

At Aviva's 2015 preliminary results, published in March 2016, Aviva reported a Solvency II ratio of 180% and a surplus of £9.7 billion.  Aviva has one of the strongest and most resilient balance sheets in the UK insurance sector with low sensitivity to market stress and over the last four years Aviva has tripled its economic capital surplus.

Aviva will continue to monitor the technical implications of the vote to leave, which will only be resolved after several years of negotiating a new relationship between the UK and the EU.

Enquiries:

Media

Nigel Prideaux                                                                         [phone]

Andrew Reid                                                                           [phone]

Analysts

Chris Esson                                                                            [phone]

David Elliot                                                                              [phone]

Notes to editors:

·     Aviva provides life insurance, general insurance, health insurance and asset management to 33 million customers, across 16 markets worldwide

·     In the UK we are the leading insurer serving one in every four households and have strong businesses in selected markets in Europe, Asia and Canada. Our shares are listed on the London Stock Exchange and we are a member of the FTSE100 index.  

·     Aviva's asset management business, Aviva Investors, provides asset management services to both Aviva and external clients, and currently manages over £289 billion in assets.

·     Aviva helps people save for the future and manage the risks of everyday life; we paid out £30.7 billion in benefits and claims in 2015.

·     By serving our customers well, we are building a business which is strong and sustainable, which our people are proud to work for, and which makes a positive contribution to society.

·     The Aviva media centre at http://www.aviva.com/media/ includes company information, images, and a news release archive.

·     For an introduction to what we do and how we do it, please click here http://www.aviva.com/about-us/aviva/

·     For broadcast-standard video, please visit http://www.aviva.com/media/b-roll-library/

·     Follow us on twitter: www.twitter.com/avivaplc/ 

·     Follow us on LinkedIn: www.linkedin.com/company/aviva-plc

·     For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva

 

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