Insurers May Be in for More Misery (Update)

Given these product features, FIA policyholders can look forward to guaranteed cash surrender values at any time, and a fixed monthly or annual payment upon maturity of the annuity contract -- with the potential to improve upon those guarantees. When you consider all the facts, it's easy to understand why demand for these types of products continue to reach all-time highs as consumers look to preserve assets in times of great volatility and uncertainty.

As the nation's number-one provider of FIAs, Aviva USA takes great pride in our ability to manage risk on behalf of our shareholders, our customers and our company. As we recently reported publicly, our company has had only minimal exposure to the issues affecting other financial services firms. We are very proud and confident in our resources and in our financial strength. This strength is clearly reflected in our credit ratings: AA/AA- ("very strong") with a stable outlook from Standard & Poor's, Aa3 ("excellent") with a stable outlook from Moody's and A+ ("superior") with a stable outlook from AM Best.

During the worst market performance since the Great Depression, we are proud to say that our FIA policyholders haven't lost a single penny on their annuity contracts due to market movements. It is this protection, coupled with upside potential that provides the peace of mind that our customers need, want and deserve. And we look forward to continuing to provide it.

Finally, Ms. Gannon noted in her story that Aviva plc reported capital reserves of 11.5 billion "euros" in its third quarter interim report released on October 28, 2008, when in fact IFRS shareholders' equity was reported as 11.5 billion "pound sterling."