UK premiums and COR flat at RSA in 2015
Insurer promises “ambitious plans to transform the UK business”.
The UK division of RSA has delivered net written premiums in 2015 of £2.61bn - a 2% uplift on the £2.57bn written in 2014.
While the combined operating ratio (COR) was almost unmoved at 99.5% (2014: 99.9%) both the underwriting and operating results improved.
The former came in at £12m (2014: £4m) and the latter improved to £147m (2014: £136m).
Personal lines
Breaking down the figures of the division showed that personal lines premium shrank by 4% to £1.13bn as the underwriting result improved by
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