RSA UK's personal lines performance takes up commercial lines slack
RSA UK has reported a 7% increase in premiums to over £1.5bn and has improved its combined operating ratio (COR) slightly to 98.5%.
The group as a whole had similar good news producing £277m profit on premiums of over £4.1bn and boasting a COR of 93.2%.
RSA attributed the positive result in the UK mainly to the personal lines book of business which produced an underwriting result of £27m on £678m of premiums. However, this was offset by a £19m underwriting loss on £892m of premiums in the commercial arm.
The insurer said that in commercial, it would continue to target speciality lines as it withdraws from the mid-market
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