RSA cites "challenging" UK market as NWP remains flat
RSA has reported flat net written premium (NWP) of £2.7bn for UK and Western Europe during the first nine months of 2012.
Total NWP jumped by 4% to £6.2bn during the same period, leaving the provider on course to deliver a combined operating ratio of at least 96%.
RSA also said that investment income for 2012 should come in at some £500m.
Group CEO Simon Lee described the UK market as "challenging" but added that the insurer had recorded growth across all business lines except motor.
He attributed the total NWP growth to determined rating action, strong customer retention, repositioning activity in the UK and Italy
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