Following the recent floods in parts of northern and central England, Aviva plc ("Aviva") estimates the cost of claims relating to these floods to be in the region of £175 million, which will impact the group's general insurance results in the first half of 2007.
Following the recent floods in parts of northern and central England, Aviva plc ("Aviva") estimates the cost of claims relating to these floods to be in the region of £175 million, which will impact the group's general insurance results in the first half of 2007. This initial estimate is subject to uncertainty, particularly in relation to average claim costs, and does not include allowance for further claims that could arise should this current spell of bad weather continue.
Aviva remains committed to meet or beat a combined operating ratio of 98%.
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Enquiries:
Media
Hayley Stimpson, director of external affairs
+44 (0)20 7662 7544
Sue Winston, head of group media relations
+44 (0)20 7662 8221
James Murgatroyd/Ed Simpkins, Finsbury
+44 (0)20 7251 3801
Analysts
Charles Barrows, investor relations director
+44 (0)20 7662 8115
Notes to editors:
- Aviva is the leading provider of life and pensions to Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2006.
- Aviva's principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £41.5 billion and assets under management of £364 billion at 31 December 2006.
- The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.