Aviva Says Leave Vote Will Have No Significant Operational Impact; Stock Plunges

(RTTNews) - Responding to the result of the UK referendum on EU membership, British life and health insurer Aviva Plc (AV.L, AV) said it has conducted extensive analysis of the possible implications of a vote to leave the EU and considers it will have no significant operational impact on the company.

Aviva said its UK operations and its other subsidiaries in the EU are well capitalised and continue to trade as normal. The company continues to be supervised by the PRA/FCA as lead regulator and Aviva's European subsidiaries are incorporated and regulated locally and principally trade in their local market.

Aviva will continue to monitor the technical implications of the vote to leave, which will only be resolved after several years of negotiating a new relationship between the UK and the EU.

In London, Aviva shares were trading at 367.50 pence, down 17.32 percent.