Aviva Says Capital Position Resilient To Market Stress - Quick Facts

(RTTNews) - British life and health insurer Aviva Plc (AV.L, AV) Monday said its capital position is resilient to market stress, and that the company estimates that as of close of the markets on Friday June 24, its Solvency II coverage ratio remained close to the top of its working range of 150% - 180%. The company was responding after the recent market volatility following the outcome of the UK referendum on EU membership.

Aviva as announced earlier 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, Aviva reported a Solvency II ratio of 180% and a surplus of 9.7 billion pounds.

Aviva said it 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.