RSA's UK arm swings back into underwriting profit
RSA's UK operations swung back to making a £73m underwriting profit for the first half of 2013, reversing a £10m loss posted for the same period last year.
The turnaround was aided by the insurer recording much improved combined operating ratios (COR) for both its UK personal and commercial arms.
RSA's total UK COR dropped from 100.6% to 93.1% for the first half of 2013. Individually, it posted a UK personal COR of 93% (H1 2012: 100%) and a UK commercial COR of 93.5% (H1 2012: 101.3%).
And total UK net written premiums edged up 3% to £1.54bn (H1 2012: £1.5bn).
Meanwhile, its operating results for the UK and Western Europe more than doubled, coming
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