RSA reports "disappointing" 2018
The Group lamented "poor results" in its commercial lines division as the company reported further underwriting losses in its UK business.
RSA UK has posted an underwriting loss of £106m in 2018, along with a combined operating ratio of 104% (2017: 104.3%).
This follows its shock warning last year that it had suffered a loss of £70m in the third quarter of 2018.
In addition, net written premiums decreased slightly for the UK business to £2.59bn in 2018 from £2.69bn in the preceding year, which the provider noted was due to exiting parts of its portfolio in its London Market international business.
The UK & International division
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