Today RSA Insurance Group Plc. announced its preliminary 2019 year results.
Strong results for 2019, total group profits up on all measures.
- Net written premiums of £6.4bn, down 1%
- Combined operating ratio (COR) of 93.6%,(excl. exited business¹), 94.6%,(incl. exited business),
- Group underwriting profit of £405m¹
¹Exit portfolios in UK & International which have substantially run-off over the course of 2019
See attached below the full press release.
Stephen Hester, RSA Group Chief Executive, commented:
“We are pleased to report strong results for RSA in 2019. Our profits are up, our dividends are up and return on tangible equity is very good. This progress is driven by improved underwriting, which has produced record current year profits and combined ratio.
2019 was an important period for RSA. Significant management renewal and a repositioning of our UK & International division are showing good promise. Our Groupwide focus on underwriting improvement with strong cost control proved effective. Yet there is plenty more we can do to improve each of our businesses for customers and shareholders. There are challenges, but we are determined to drive further progress and high performance.”