6th Jul 2016 06:25
LONDON (Alliance News) - The chief executive of insurer and investment manager Aviva PLC on Wednesday said the company remains in a strong position and should be able to continue to grow following the UK's vote to leave the European Union.
Mark Wilson, speaking ahead of Aviva's capital markets day, said the "fundamentals are sound" in the business.
"Our balance sheet is strong and resilient, and we are a simpler, focused group with excellent franchises. This is a strong foundation from which to grow profits, cash-flow and dividends over the coming years," he added.
Wilson said it is too early to quantify the precise impact a Brexit will have, but said Aviva is "confident we can continue to grow".
"The UK is an attractive market, and Aviva has excellent franchises and an unrivalled brand. As the UK's leading composite insurer, Aviva has advantages in terms of cost, capital and customer engagement. We expect the UK to deliver cash-flow and growth for our shareholders," Wilson said.
His comments come a day after Aviva Investors, Aviva's investment management arm, became one of three major fund managers to suspend trading in its commercial property fund following a sharp rise in redemptions in response to the Brexit vote.
By Sam Unsted; [email protected]; @SamUAtAlliance
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