Edition:
United Kingdom

RSA Insurance Group PLC (RSA.L)

RSA.L on London Stock Exchange

602.00GBp
14 Dec 2017
Change (% chg)

3.50 (+0.58%)
Prev Close
598.50
Open
599.00
Day's High
604.00
Day's Low
595.00
Volume
3,123,941
Avg. Vol
3,036,981
52-wk High
672.50
52-wk Low
555.50

Latest Key Developments (Source: Significant Developments)

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

RSA prices 2039 notes at 118.64 pct of their nominal amount
Friday, 8 Jul 2016 

Rsa Insurance Group Plc :Cash purchase price payable by company for notes validly tendered and accepted for purchase will be 118.639 percent of nominal amount of notes.  Full Article

RSA updates on 2039 notes tender offer
Friday, 8 Jul 2016 

RSA Insurance Group Plc : As at expiration deadline company had received valid tender instructions in respect of 345,683,000 stg in aggregate nominal amount of notes . Settlement date in respect of notes accepted for purchase is expected to be 12 July 2016 . Price determination time is expected to be at or around 12.00 p.m. today .Indicative maximum acceptance amount is 200,000,000 stg in aggregate nominal amount of notes and corresponding indicative scaling factor is 58.008 percent.  Full Article

RSA completes sale of its operations in Uruguay
Friday, 1 Jul 2016 

Rsa Insurance Group Plc :RSA announces completion of sale of its operations in Uruguay..  Full Article

RSA says completed sale of its operations in Mexico
Wednesday, 1 Jun 2016 

Rsa Insurance Group Plc : Sale of RSA's operations in Brazil completed on 29 February 2016; in Colombia on 31 March 2016; and in Chile and argentina on 29 April 2016 . Has completed sale of its operations in Mexico to Suramericana S.A., insurance subsidiary of Grupo De Inversiones Suramericana .Currently expects completion of its remaining Latin American disposal in Uruguay to occur over coming months..  Full Article

FACTBOX-Insurers' preparations regarding Britain's planned EU exit

Dec 13 Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain's decision to leave the European Union.