Netherlands: HY 2010 Life EEV Delta Lloyd Group of €24.8 per ordinary share (disclosed by Aviva today)
Today Aviva plc will host an investor and analyst day at 9.30am GMT on Capital, Cash and Profits. During this event, it will disclose the Life European Embedded Value equivalent basis (EEV) by region per HY 2010.
The Life EEV for Delta Lloyd Group per HY 2010 that Aviva plc will disclose today equals €4.1 billion (net of minorities) or €24.8 per ordinary share1
At HY 2010, Aviva plc published a Life Market Consistent Embedded Value (MCEV) that amounted to €2.6 billion per HY 2010 (net of minorities) or €15.9 per ordinary share1.
The Life EEV for Delta Lloyd Group therefore gives an uplift of €1.5 billion or €8.9 per ordinary share, compared with the Life MCEV 2 for Delta Lloyd Group published by Aviva plc per HY 2010.
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Further information:
The presentation will take place at 9.30am GMT on Thursday 20 January 2011. A live webcast will be available on www.aviva.com.
Contact:
Delta Lloyd Group
Media relations +31 (0) 20 594 44 88
Investor relations +31 (0) 20 594 96 93
Notes to editors:
About Delta Lloyd Group
Delta Lloyd Group is a financial services provider offering life insurance, general insurance, asset management and banking products and services. Delta Lloyd Group's target markets are the Netherlands and Belgium. The Group operates primarily under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance in the Netherlands, and under the Delta Lloyd brand name in Belgium. Delta Lloyd Group has 6,100 permanent staff and is listed on NYSE Euronext Amsterdam.
1 Aviva's publication is based on a holding of 57.9% of ordinary shares of Delta Lloyd Group (prior to the interim dividend 2010 payment of Delta Lloyd Group) and an exchange rate of 1.2214. Therefore, the Life EEV for Delta Lloyd Group per HY 2010 disclosed by Aviva plc equals £2.0 billion and the Life MCEV for Delta Lloyd Group per HY 2010 published by Aviva plc equalled £ 1.2 billion (net of minorities and based on a holding of 57.9%). The per-share calculation is based on 166,015,016 shares per HY 2010.
2 Please note that the above figures for MCEV and EEV are based on Aviva's publications, whereas the assumptions used for the MCEV that Delta Lloyd Group published per HY 2010 differ on a number of points.