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Prices & Quotes - UK Markets - RSA Insurance Group (RSA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 429.90p
Change Today:
3.80p
Market Cap:
4,447.94m
Sector:
Insurance (non-life)

RSA's turnaround 'on track', reports flat H1 premium income

By Iain Gilbert

Date: Thursday 01 Aug 2019

LONDON (ShareCast) - (Sharecast News) - British insurer RSA's efforts to tidy up its portfolio after woes in its commercial unit last year led to a "solid first half", with underwriting profits up year-on-year.
RSA, which reported big losses in several specialist units in the second half of its prior trading year, turned in a flat premium income of 3.2bn but group total operating profits still fell 7.8% to 280m after closing or reducing multiple lines of business.

The FTSE 100-listed firm said its underwriting actions were "on track", with first-half underwriting profits up 70% across the board. Excluding exits, underwriting profits came to 181m.

RSA upped its first-half dividend 3% to 7.5p per share.

Chief executive Stephen Hester said: "RSA is reporting a solid first half 2019. Particularly pleasing is the improvement in current year underwriting results, which represent our best first half in the last 10 years. Our Personal Lines business continues to drive this performance.

"While the full earned effect of underwriting, pricing and portfolio changes will show next year, at this stage we are on or ahead of schedule in each region for those planned actions."

Hester did note that there would be some headwinds from lower bond yields and weaker prior year development, but said he expects the group to make "continued progress overall".

As of 0900 BST, RSA shares had picked up 2.64% to 575.40p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

RSA Market Data

Currency UK Pounds
Price 429.90p
Change Today 3.80p
52 Week High 582.80p
52 Week Low 326.90p
Volume 1,139,624
Shares Issued 1,034.64m
Market Cap 4,447.94m

Performance Indicators

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What The Brokers Say

Strong Buy 15
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RSA Dividends

  Latest Previous
  Interim Interim
Ex-Div 12-Nov-20 05-Sep-19
Paid 04-Dec-20 11-Oct-19
Amount 8.00p 7.50p

Trades for 20-Oct-2020

Time Volume / Share Price
16:35 571,386 @ 429.90p
16:29 1 @ 432.10p
16:29 17 @ 432.10p
16:29 39 @ 432.10p
16:29 491 @ 431.90p

RSA Key Personnel

Chair Martin Scicluna
CEO Scott Egan