PRA statement on decision by insurance companies to pause dividends

We welcome the prudent decision from some insurance companies today to pause dividends given the uncertainties associated with Covid-19.
Published on 08 April 2020
As set out in our letter of 31 March, when insurers are considering whether or not to proceed with any dividend payments, their boards should pay close attention to the need to protect policyholders and maintain safety and soundness. Decisions regarding capital or significant risk management issues need to be informed by a range of scenarios, including very severe ones.
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