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
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