RSA looks to a brighter future

In October 2004, Standard & Poor's (S&P) revised its outlook on the main operating entities of Royal & Sun Alliance Insurance Group (RSA) to A-/Stable from A-/negative. The stable outlook reflected RSA's stronger capitalisation and improved underlying earnings, as well as the belief that management will continue to successfully execute its strategy.The results announced for 2004 meet S&P's expectations and so the rating is unaffected. The announcement of £160m loss reserve charge was consist