RSA’s COR soars to 104.5% in UK
Insurer posts fall in premiums and lower underwriting result.
RSA's UK division has reported a fall in net written premium to £1.34bn for the first six months of 2014, down from £1.65bn in the same period of 2013.
The combined operating ratio deteriorated to 104.5% for the period compared to 94.7% in the first six months of the prior year.
The results, released as part of the group figures, revealed premium falls in both personal and commercial lines.
Premium drop
For personal business net written premium dropped to £598m (H1 2013: £653m) while commercial
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