Income rises 52% for RBS Insurance
Royal Bank of Scotland Insurance has seen a 52% increase in income to £3.245bn and a rise in premium...
Royal Bank of Scotland Insurance has seen a 52% increase in income to £3.245bn and a rise in premium income of 62% to £3.061bn.
RBS Insurance's net claims, after reinsurance, increased by 63% to £2.195bn.
Its UK combined operating ratio was 91.6%. Excluding Churchill, which it acquired in September last year, the UK ratio improved to 89.2% from 89.4%.
It now claims to be the second-largest general insurer in the UK with 19.3 million Churchill and Direct Line policyholders. RBS Insurance also
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