Aviva sees no impact from Brexit; expects 'years' of negotiations
Aviva said its solvency II coverage ratio remained close to the top of its working range of 150% - 180% after the the UK's decision to leave the European Union.
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The insurer said it's capital position was resilient to market stress, adding that Brexit 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 £9.7bn. 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,” it said in a statement.
“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.”