Insurance Post

Aviva flood loss of £100m predicted by analyst in otherwise 'good year'

cumbria-flooding-2009

Aviva is expected to reveal a £100m loss in earnings for 2015 as a result of the extensive flooding that swept the UK during the months of December last year and January.

Panmure Gordon analyst Barrie Cornes told City AM that the impact of the floods, as well as the acquisition of RBC Insurance in Canada, is likely to drag the insurer's operating earnings per share

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