February 28, 2019 / 7:16 AM / 4 months ago

Insurer RSA posts 19 pct drop in operating profit

LONDON, Feb 28 (Reuters) - British general insurer RSA’s full-year operating profit fell 19 percent to 517 million pounds ($687.09 million), it said on Thursday, hit by high weather-related losses and weakness in commercial underwriting.

Operating profit for the year ending Dec. 31 came in below the 561 million pounds forecast in a company-supplied poll.

$1 = 0.7524 pounds Reporting by Carolyn Cohn; editing by Simon Jessop

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