Aviva plc: Adoption of Aviva Market Consistent Embedded Value (MCEV) methodology and impact on results
A – Introduction
This document provides a summary of the impact of adopting Aviva's Market Consistent Embedded Value (MCEV) methodology on the group's supplementary life reporting for the 2007 full year results and 2008 interim results and a statistical supplement with reconciliation tables. The document also includes the impact of a change in the accounting policy for latent claims in the group's general insurance business.
The results for the year ended 31 December 2007 have been audited by our independent auditors, Ernst & Young LLP. The results for the six months to 30 June 2008 are unaudited but have been reviewed by Ernst & Young LLP. View their reports in respect of the year to 31 December 2007 and the six months to 30 June 2008.
