5th Jul 2007 11:30
Aviva PLC05 July 2007 News release 5 July 2007 IMPACT OF WEATHER COSTS ON AVIVA 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 theregion of £175 million, which will impact the group's general insurance resultsin the first half of 2007. This initial estimate is subject to uncertainty,particularly in relation to average claim costs, and does not include allowancefor further claims that could arise should this current spell of bad weathercontinue. Aviva remains committed to meet or beat a combined operating ratio of 98%. - ends - 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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