RSA expects 2010 profits to approach £630m despite bad weather impact
RSA has announced the impact of adverse weather in November and December 2010 to be around £142m above normal levels with full year costs predicted to hit £255m.
It added this was 3.5 points more than normal on the combined operating ratio (COR).
Compared with the prior year, the total impact of weather across the insurer is expected to be around £175m worse or approximately 2.4 points on the COR.
RSA said it expected its full year 2010 results to show net written premium growth of 11%, a COR of between 96.5% and 97.0% and an operating profit in the range of £600m to £630m.
The insurer noted its dividend policy was to increase the dividend at least in
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