Insurance Age

RSA's net written premium down by 9.1% to £5.7bn

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    • Larry Ferguson

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Insurer said profit in the third quarter was strong due to disposals while underwriting was weak.

RSA Insurance Group's net written premium for the first nine months of this year was £5.7bn, down by 9.1% compared to 2013.

The company's interim management statement also showed profit in the third quarter was strong due to gains from disposals while its underwriting result was weak.

The insurer said disposals totaling £198m underpinned its profit in Q3 - while the actual profit figure remains undisclosed.

Premiums
In the UK premiums were down 19% to £1.95bn year-on-year with personal premiums

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