RSA reports large rise in profit
CEO Hester hails “year of major achievement”.
RSA, which has operations across Scandinavia, Canada and Ireland, has posted group net written premiums of £6.83bn for 2015, down from £7.47bn in 2014.
However profit after tax surged to £244m from £76m the year before.
The combined operating ratio (COR) also improved to 96% (2014: 98.8%).
In the UK, RSA achieved a 2% increase in net written premiums in 2015 to £2.61bn from £2.57bn the previous year.
The COR was steady at 99.5%, in line with the 99.9% delivered in the previous 12 months.
The
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