for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

British insurer RSA posts 1% rise in H1 operating profit

LONDON, Aug 1 (Reuters) - British insurer RSA posted on Thursday a 1% increase in its operating profit in the first half of the year driven by strong performance in its general insurance business.

The home, motor and commercial insurer said operating profit rose to 308 million pounds ($373.36 million), from 304 million pounds the year before and in line with a company-supplied analyst forecast of 306 million pounds.

The company said it would pay an interim dividend of 7.5 pence per share, from last year’s 7.3 pence.

Net written premiums remained largely unchanged at 3.2 billion pounds, in line with an analyst forecast. ($1 = 0.8249 pounds) (Reporting by Lena Masri; editing by Carolyn Cohn)

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up