RSA returns to profit after 2013 losses
Provider reveals increased cost-cutting targets.
RSA reported a return to profit for 2014 posting post tax profits of £76m for the year.
In 2013 it reported a post tax loss of £338m. The insurer also announced that 2014 saw pre-tax profits grow to £275m (2013: loss £244m).
Total net written premiums came in at £7.47bn (2013: £8.66bn) with the provider putting the fall down to disposals, its portfolio action plan and competitive market conditions.
The group COR was 98.8%, an improvement on the 99.4% of the previous year.
UK
Within the results
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint