RSA's UK arm swings back into underwriting profit

Simon Lee

RSA's UK operations swung back to making a £73m underwriting profit for the first half of 2013, reversing a £10m loss posted for the same period last year.

The turnaround was aided by the insurer recording much improved combined operating ratios (COR) for both its UK personal and commercial arms.

RSA's total UK COR dropped from 100.6% to 93.1% for the first half of 2013. Individually, it posted a UK personal COR of 93% (H1 2012: 100%) and a UK commercial COR of 93.5% (H1 2012: 101.3%).

And total UK net written premiums edged up 3% to £1.54bn (H1 2012: £1.5bn).

Meanwhile, its operating results for the UK and Western Europe more than doubled, coming

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account