Aviva Reiterates Generating GBP1.3B Of Net Operating Capital In 2010

2nd Jul 2010 10:08

LONDON (Dow Jones)--U.K. life insurance company Aviva PLC (AV) is holding a presentation for investors and analysts Friday morning to provide clarity on one of its core strengths--its capital generation--and reiterated comments made in May that it expects to generate GBP1.3 billion of net operating capital in 2010, a 30% increase on 2009. MAIN FACTS: -The presentation, hosted by Andrew Moss, group chief executive, will also highlight the stability of Aviva's IFRS operating profits and its disciplined allocation of capital to fund profitable growth. -Shares at 0905 GMT up 6 pence, or 2%, at 290.5 pence valuing the company at GBP8.70 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 02, 2010 05:08 ET (09:08 GMT)