RSA had a positive year, despite the pandemic. The underlying pre-tax profit increased by 18.5% to £670m and the group’s operating result was £703m, up 17.7% yoy. The group’s combined ratio was 91.1%. The Solvency II ratio stood at 189%. The insurer announced it will not propose a final dividend for 2020 as this would reduce the cash consideration payable under the terms of the acquisition announced months ago. A catch-up payment after the completion of the transaction remains possible.
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The insurer resisted the pandemic well
- Published:
26 Feb 2021 -
Author:
Bassem Neifer -
Pages:
3
RSA had a positive year, despite the pandemic. The underlying pre-tax profit increased by 18.5% to £670m and the group’s operating result was £703m, up 17.7% yoy. The group’s combined ratio was 91.1%. The Solvency II ratio stood at 189%. The insurer announced it will not propose a final dividend for 2020 as this would reduce the cash consideration payable under the terms of the acquisition announced months ago. A catch-up payment after the completion of the transaction remains possible.