RSA group returns to profit
Insurer delivers £6m profit after tax.
RSA has reported a pre-tax profit of £69m for the first six months of 2014, down on the £250m profit in the same period of 2013 but reversing the loss £494m in the second half of that year.
After tax the profit reduced to £6m (H1 2013: £190m).
The group figures came with a fall in net written premiums to £3.93bn (H1 2013: £4.65bn) and a deterioration in the combined operating ratio to 100.8% from 94.2% in the comparable period of 2013.
Improvement
However, again the figures were an improvement on
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