RSA reports positive start to 2012 with premiums up 5%
RSA has reported a 5% improvement in net written premiums in the first three months of 2012, up to £2.2bn from £2.1bn in the same quarter of 2011.
Premiums for the UK grew by 4%, from £694m in the first quarter of 2011 to £725m in the first quarter of 2012.
The personal lines side of the business showed a slight decline, with premiums down 2% from £337m in Q1 2011 to £330m for the first three months of 2012.
The insurer attributed this to a 17% reduction in motor, offset by 7% growth in household and 11% growth in pet, and said that the recent deal with OIM Underwriting was expected to generate annual premiums of around £75m for the
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