RSA profits increase despite falling premium income
Provider also revealed that it spent £8m restructuring its UK business during Q3.
RSA has stated that its profitability has increased in 2019 in its latest trading update.
A document published by the firm today (7 November) revealed that operating profit had also grown in the first nine months of the year.
The firm also claimed that its combined operating ratio had improved but did not provide a figure. Its H1 results, reported in August 2019, showed a COR of 94.3% and an improved underwriting performance, and indicated recovery from 2018’s shock profit warning.
Stephen
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