RSA UK posts £39m underwriting profit
COR also improved to 97.0% despite costs arising from the ‘Beast from the East’ but group results are “below ambitions”.
RSA has delivered higher underwriting profit and a better combined operating ratio (COR) from its UK division in the first six months of 2018.
The COR improved to 97% from 98.7% while underwriting profit went up to £39m from £17m in the same period last year.
The interim results showed that net written premiums for the UK went down 6% to £1.28bn.
Segments
Breaking the UK into segments, RSA reported personal lines net written premium increasing marginally from £554m in H1 2017 to £556m this
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