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Date: Thursday 09 Oct 2008

LONDON (ShareCast) - Insurer Aviva said is capital position remains strong in the face of the recent market turmoil, adding that it has protected itself against further falls in the equity markets through increased hedges.

The group said its surplus regulatory capital is estimated to be £1.9bn at 30 September 2008, compared to £1.8bn at 30 June 2008.

It has protected itself against more falls in the global equity markets through increased hedges. Even in the event of a further 40% fall in equity markets, it feels its surplus regulatory capital would only fall by £0.7bn, an improvement from June 2008 when a 40% fall would have reduced the surplus regulatory capital by £1.3bn.

“Our active capital management ensures the group remains robust in the face of the current economic adversity, providing security for our customers and investors alike, and ensuring that the group is well positioned as confidence returns,” said the group.

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