February 27, 2017 / 10:57 AM / 6 months ago

BRIEF-LVFS estimates discount rate reduction will have capital impact

Feb 27 (Reuters) - Liverpool Victoria Friendly Society Ltd

* Estimates decision to reduce discount rate to -0.75% will have a capital impact on group of around £100 million

* Estimates decision to reduce discount rate will reduce solvency capital coverage ratio by around 11 percent points

* LVFS is implementing a number of actions including increasing motor rates to reflect higher expected claims costs

* Further update on group's capital position will be made with 2016 preliminary financial results on 12 april 2017 Source text for Eikon: Further company coverage:

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