RSA reports “strong results” after “disappointing” 2018
Performance at group and UK & International level improved and COR was 95.0% as the business noted the impact of discipline and portfolio exits.
RSA UK & International has reported an underwriting result of £144m excluding portfolio exits for the full year 2019.
This is a significant improvement on the loss of £43m posted the previous year. Including the portfolio exits, which the business announced last year, the 2019 result was £85m.
In the UK only the result was £50m compared to a loss of £93m in 2018.
A turbulent 2018 saw it criticised by brokers for a “confusing” strategy and replace its CEO Steve Lewis with Scott Egan.
The UK &
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