RSA reports rising profits for first half of 2016
COR for the UK business at 94.4%.
RSA has reported an increased group operating profit of £312m (H1 2015: £259m) with contributions from the UK of £144m, according to its financial results for the first half of the year.
The insurer's group underwriting profit was up 72% to £174m, compared to £101m in the first six months of 2015.
It achieved a group combined operating ratio (COR) of 94.3% (H1 2015: 96.4%) and its COR for the UK business was 94.4%.
Weather
However, the insurer stated that weather and large losses were £59m worse
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Cost-of-living crisis pushes up premium finance demand
- Ardonagh strikes A$2.3bn PSC deal
- Acrisure expands in southern England with two buys