February 28, 2017 / 2:16 PM / 5 months ago

BRIEF-Aviva sees discount rate change impacting 2016 IFRS profit

1 Min Read

Feb 28 (Reuters) - Aviva Plc -

* Lord chancellor's review of Ogden discount rate in UK

* Aviva expects to take an exceptional charge to its 2016 IFRS profit after tax of approximately 385 million pounds

* Estimated impact on group solvency II capital ratio is approximately 2 percentage points from government rate cut

* Aviva supports this review process and recognises minus 0.75 pct rate announced by lord chancellor may be revised

* Rate change will not affect Aviva's operating profit and there will be no change to dividend policy Source text for Eikon: Further company coverage:

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