RSA returns to profit after 2013 losses
Provider reveals increased cost-cutting targets.
RSA reported a return to profit for 2014 posting post tax profits of £76m for the year.
In 2013 it reported a post tax loss of £338m. The insurer also announced that 2014 saw pre-tax profits grow to £275m (2013: loss £244m).
Total net written premiums came in at £7.47bn (2013: £8.66bn) with the provider putting the fall down to disposals, its portfolio action plan and competitive market conditions.
The group COR was 98.8%, an improvement on the 99.4% of the previous year.
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