Aviva Says too Early to Measure Financial Impact from Coronavirus
March 17 2020 - 4:01AM
Dow Jones News
By Sabela Ojea
Aviva PLC said Tuesday that it is too early to quantify the
potential impact the novel coronavirus could have on its
business.
The FTSE 100-listed insurer said that the financial effect on
its 2020 results will depend on some factors that include the
extension and duration of the disruption period.
The British company also said that its capital position is still
strong and its solvency ratio----which represents capital
strength--is expected to be at 175%, based on the closing market
position on March 13. Its last solvency II ratio rose to 206% in
2019 from the previous 204% ratio.
It added that it has expended its hedging on equities, interest
rates and credit spreads.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 17, 2020 03:46 ET (07:46 GMT)
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