By Sabela Ojea

 

Aviva PLC said Tuesday that it is too early to quantify the potential impact the novel coronavirus could have on its business.

The FTSE 100-listed insurer said that the financial effect on its 2020 results will depend on some factors that include the extension and duration of the disruption period.

The British company also said that its capital position is still strong and its solvency ratio----which represents capital strength--is expected to be at 175%, based on the closing market position on March 13. Its last solvency II ratio rose to 206% in 2019 from the previous 204% ratio.

It added that it has expended its hedging on equities, interest rates and credit spreads.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

March 17, 2020 03:46 ET (07:46 GMT)

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