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RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RSA's Hester says scope for higher payouts to shareholders in 2018
Thursday, 22 Feb 2018 02:51am EST 

Feb 22 (Reuters) - Rsa ::CHIEF EXECUTIVE STEPHEN HESTER SAYS ~SHOULD BE SCOPE FOR INCREASED DIVIDEND PAYOUTS IN 2018.  Full Article

Insurer RSA 2017 operating profit rises 1 pct
Thursday, 22 Feb 2018 01:30am EST 

Feb 22 (Reuters) - Rsa Insurance Group Plc ::FY OPERATING PROFIT ROSE 1 PERCENT TO 663 MILLION STG.FINAL DIVIDEND 13 PENCEPER SHARE.TOTAL DIVIDEND 19.6 PENCEPER SHARE.‍PREMIUM INCOME UP 4% TO £6.7 BILLION, COMBINED RATIO 94%​.‍UNDERLYING EPS 43.5P, UP 10%; STATUTORY PROFIT AFTER TAX £322M (2016: £20M)​.‍RETURN ON TANGIBLE EQUITY 1 15.5% (2016: 14.2%) VERSUS 13-17% TARGET RANGE​.‍FINAL DIVIDEND 13.0P PER SHARE (19.6P TOTAL FOR 2017, UP 23%)​.‍GROUP OPERATING PROFIT £663M UP 1% (2016: £655M)​.‍GROUP UNDERWRITING PROFIT OF £394M UP 4%​.‍UNDERLYING PRE-TAX PROFITS UP 12% TO £620M (2016: £556M)​.‍GROUP WEATHER COSTS IN LINE WITH LAST YEAR; LARGE LOSSES ELEVATED AT 10.8% OF PREMIUMS (2016: 8.9%)​.‍RSA'S OVERSEAS DIVISIONS ACHIEVED EXCELLENT RESULTS IN 2017, PARTLY OFFSET BY POOR UNDERWRITING FIGURES IN OUR UK/ LONDON MARKET BUSINESS​.‍WE TARGET FURTHER IMPROVEMENT IN 2018 AND THEREAFTER​.  Full Article

RSA's Egan says raising prices in response to UK household claims
Thursday, 2 Nov 2017 06:08am EDT 

Nov 2 (Reuters) - Rsa :CFO Scott Egan says taking pricing action in response to rising UK household claims; market average price increase of 9 percent..Says expects to see continuing impact on UK household claims in 2018 as underwriting actions feed through, but to a much lesser extent..Says balance sheet remains strong, solvency strong but no decision on special dividend until the end of 2018..  Full Article

RSA says Storm Ophelia exposure less than 5 mln euros
Thursday, 2 Nov 2017 03:49am EDT 

Nov 2 (Reuters) - Rsa :Chief executive stephen hester says ~insurance exposure to storm ophelia in ireland likely less than 5 million euros ($5.82 million).Chief executive hester ~-insurance losses from mexico earthquakes, californian wildfires "not material".Chief executive hester ~says insurance rates likely to rise in hurricane-affected areas of u.s., caribbean.  Full Article

RSA Q3 weather losses include 50 mln stg for U.S., Caribbean catastrophes
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - Rsa Insurance Group Plc :Q3 trading statement.‍group premium income up 8% ytd (3% at constant exchange)​.‍ytd group net written premiums of £5,077m at q3 2017 are up 8% 1 as reported, and up 3% 1 at constant fx rates, versus q3 2016​.‍eps ytd is ahead of 2016 though held back by q3 underwriting results​.‍underwriting results for scandinavia, canada, ireland and middle east ytd are ahead of 2016 and our plans overall, continuing h1 trends​.‍uk reported results have been impacted by us/caribbean hurricane costs as well as continuing adverse household and large loss experience​.‍overall group underwriting results are therefore slightly weaker than prior year​.‍weather losses in q3 include a provision of £50m against us & caribbean cat events​.‍we expect this provision to increase somewhat​.‍tangible shareholders' equity 1 at 30 september 2017 was £2,810m (30 june 2017: £2,790m) and tangible net asset value per share was 275p​.  Full Article

RSA Insurance says UK unit hurt by catastrophe losses in Q3
Monday, 25 Sep 2017 10:53am EDT 

Sept 25 (Reuters) - RSA Insurance Group Plc ::RSA INSURANCE - "TRADING RESULTS FOR Q3 TO DATE HAVE BEEN POSITIVE, CONSISTENT WITH PRIOR TRENDS, ACROSS COMPANY WITH EXCEPTION OF UK BUSINESS SEGMENT".RSA INSURANCE GROUP - "HERE, CATASTROPHE LOSSES FROM US, CARIBBEAN AND MEXICO WILL IMPACT SEPTEMBER RESULTS IN MARINE AND INTERNATIONAL PORTFOLIOS".RSA INSURANCE GROUP PLC - "AT PRESENT LOSSES NOTIFIED ARE WELL BELOW REINSURANCE LIMITS THOUGH FINAL POSITION WILL TAKE SOME WEEKS TO EMERGE".RSA INSURANCE - "UK UNDERLYING RESULTS IN QUARTER CONTINUE TO REFLECT CHALLENGES VISIBLE IN H1, AGAINST WHICH UNDERWRITING ACTIONS ARE BEING TAKEN".  Full Article

Insurer RSA H1 operating profit rises 15 pct to 360 mln stg
Wednesday, 2 Aug 2017 02:00am EDT 

Aug 2 (Reuters) - Rsa Insurance Group Plc :H1 operating profit rose 15 percent to 360 million stg.Interim dividend 6.6 penceper share.Return on tangible equity 1 16.6%..Interim dividend up 32%..Underlying earnings per share up 31%.Group operating profit £360m up 15% (h1 2016: £312m).Group underwriting profit of £222m, up 28% (h1 2016: £174m).Group combined ratio of 93.2% (h1 2016: 94.7%).Group premiums of £3.4bn up 11% at reported fx, and up 3% at constant fx.Investment income of £171m (h1 2016: £187m) down 9%.Pre-Tax profit of £263m, up 78% (h1 2016: £148m).Interim dividend of 6.6p/ordinary share declared, up 32% (h1 2016: 5.0p.Solvency ii coverage ratio of 163% after dividend accrual (31 december 2016: 158%), slightly above 130-160% target range.On track to deliver >£400m gross annualised savings by 2018 (c.£330m achieved to date).  Full Article

RSA CFO says holding onto Middle East business
Thursday, 4 May 2017 05:24am EDT 

May 4 (Reuters) - Rsa :Cfo scott egan says ~keeping middle east business as part of core business after failure to sell it.Cfo scott egan says ~not planning more disposals, acquisitions also not priority.Cfo scott egan says ~assume britain is going to have hard brexit, looking at how european branch structure will need changing.  Full Article

RSA Q1 net written premiums rise 14 pct to $2.20 bln
Thursday, 4 May 2017 02:00am EDT 

May 4 (Reuters) - Rsa Insurance Group Plc :Q1 2017 trading update.Premium income 1 up 14% (4% at constant exchange)." year has begun well for rsa. Results to date are strong.Group net written premiums of £1,710m ($2.20 billion) for q1 2017 are up 14% 1 as reported, and up 4% 1 at constant fx rates, versus q1 2016.Volumes accounted for 2% growth in quarter, with rate increases also adding 2%.Operating profit in q1 was strong and ahead of our plans.A net charge (after release of fy16 margin build) of c.£40m in uk relating to change in ogden discount rate.However, this was more than offset by positive reserve development elsewhere in group.Expect reduced interest costs of c.£54m for 2017 and a little over £40m in 2018 (2016: £99m).Group's solvency ii coverage ratio was 166% 2 at 31 march 2017 (31 december 2016: 158%.  Full Article

Insurer RSA CEO Hester pay jumps to $5.39 mln in 2016- annual report
Wednesday, 22 Mar 2017 10:56am EDT 

Rsa : Ceo stephen hester paid 4.33 million pounds ($5.39 million) in 2016 versus 2.47 million stg in 2015 - annual report . hester received 100 pct of potential bonus after firm's "excellent" performance - annual report Further company coverage: [RSA.L] ($1 = 0.8041 pounds) (Reporting By Carolyn Cohn) ((carolyn.cohn@thomsonreuters.com;)).  Full Article

BRIEF-Alliance Insurance Board Proposes FY Cash Dividend

* BOARD PROPOSES FY CASH DIVIDEND OF 30 PERCENT OF SHARE CAPITAL Source: (http://bit.ly/2Hbxg1b) Further company coverage: