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United Kingdom

RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

646.60GBp
13 Jul 2018
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2,957,421
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Latest Key Developments (Source: Significant Developments)

Insurer RSA gets approval for EU subsidiary in Luxembourg
Monday, 4 Jun 2018 

June 4 (Reuters) - RSA Insurance Group PLC ::SAYS HAS OBTAINED LICENCE FOR NEW INSURANCE SUBSIDIARY IN LUXEMBOURG.RSA SAYS RICHARD TURNER TO HEAD NEW LUXEMBOURG SUBSIDIARY.NEW SUBSIDIARY TO BE IN PLACE FROM JAN 1, 2019.  Full Article

RSA takes 40 mln stg hit from Storm Emma -CFO
Thursday, 10 May 2018 

May 10 (Reuters) - RSA Insurance Group PLC ::CHIEF FINANCIAL OFFICER SCOTT EGAN SAYS ~STORM EMMA LOSS OF 40 MILLION POUNDS ON PRE-TAX BASIS.CHIEF FINANCIAL OFFICER SCOTT EGAN SAYS ~WEATHER COSTS LIKELY TO IMPACT H1 PERFORMANCE.  Full Article

RSA's Egan says raising prices in response to UK household claims
Thursday, 2 Nov 2017 

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 

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 

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 CEO says sees modest top line growth in 2017
Thursday, 4 Aug 2016 

RSA Insurance Group Plc CEO tells Reuters: Would be disappointed if no top line growth next year but expects it to be modest . Trends seen in h1 have continued into Q3, July was "fine" . Not currently interested in making acquisitions . Solvency II model is performing well, no changes planned Further company coverage: [RSA.L] (Reporting by Joshua Franklin) ((joshua.franklin@thomsonreuters.com; +41583067007; Reuters Messaging: joshua.franklin.thomsonreuters.com@reuters.net)).  Full Article

RSA Insurance says H1 post-tax profit of 91 mln pounds
Thursday, 4 Aug 2016 

RSA Insurance Group Plc : Underwriting profit up 72% . Operating profit up 20% . Return on tangible equity1 12.8% - within our 12-15% medium term target, a year ahead of our expectations . Record1 H1 group underwriting profit of £174m, up 72% (H1 2015: £101m) . Weather and large losses £59m worse than planned and £49m worse than H1 2015 . Solvency II coverage ratio of 158% (31 December 2015: 143%), towards upper end of our target range of 130-160% . Dividend policy unchanged: medium term ordinary dividend payout of 40-50% with additional `special` payouts where justified . Underlying EPS 17.8p, up 29% . Impact of Brexit will take time to play out, but RSA is well placed, with a majority of earnings in foreign currencies . Group operating profit £312m up 20% (h1 2015: £259m) . Group combined ratio of 94.3% (h1 2015: 96.4%) . Post tax profit of £91m (H1 2015: £215m benefited from disposal gains) .Our cost reduction programme remains on track to deliver in excess of £350m gross annualised savings by 2018.  Full Article

RSA CEO says special dividend is not a near-term prospect
Thursday, 4 Aug 2016 

RSA CEO Says in media call: For RSA, net Impact Of Brexit is positive thanks to currency effects . Special dividend is not a near-term prospect but it is a medium-term prospect Further company coverage: [RSA.L] (Reporting by Joshua Franklin) ((joshua.franklin@thomsonreuters.com; +41583067007; Reuters Messaging: joshua.franklin.thomsonreuters.com@reuters.net)).  Full Article

UK car insurance premiums see biggest annual fall since 2014-survey

July 16 The cost of a comprehensive motor insurance policy fell 11 percent in Britain in the second quarter, the biggest annual price fall since 2014, a survey said on Monday.