RSA posted a 1% decrease (as reported) in net written premiums to £1,521m. Only Canada was not concerned by this trend. The insurer announced a double-digit growth in its operating profit and a Solvency II ratio at 151%, including the 2019 final dividend payment. No significant impact of COVID-19 on figures was observed and the claims frequency until the end of April was normal. The estimated cost until the end of April stood at £25m net of reinsurance.
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Good start, but cautiousness is still advised
- Published:
07 May 2020 -
Author:
Bassem Neifer -
Pages:
3
RSA posted a 1% decrease (as reported) in net written premiums to £1,521m. Only Canada was not concerned by this trend. The insurer announced a double-digit growth in its operating profit and a Solvency II ratio at 151%, including the 2019 final dividend payment. No significant impact of COVID-19 on figures was observed and the claims frequency until the end of April was normal. The estimated cost until the end of April stood at £25m net of reinsurance.