You are here

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 insurance written premiums flat, underwriting profit 'up strongly'

By Michele Maatouk

Date: Thursday 07 Nov 2019

LONDON (ShareCast) - (Sharecast News) - RSA Insurance reported flat net written premiums for the year to date on Thursday but said underwriting profit was up "strongly".
In an update for the third quarter, the company said insurance market conditions were largely unchanged.

"The markets are competitive overall, although accommodating underwriting actions in those portfolios responding to industry losses," it said.

Group net premiums were flat overall versus the same period in 2018 at 4.9bn, and broadly in line with the group's plans.

Premiums in Scandinavia and Canada were up 2% and 4%, respectively, but in the UK and international segment, premium income fell 3%. RSA said this was broadly in line with its plans and reflected the impact of pricing and underwriting actions in 2018 and in 2019 to date.

Meanwhile, operating profit for the first nine months was up, including and excluding exit portfolios, with an improved combined ratio and slightly lower investment income.

Chief executive Stephen Hester said: "RSA's results to end September are strong, and consistent with our plans for the period.

"Current year underwriting results have sharply improved, with all our regional businesses contributing. There is lots more to do - not least to finish 2019 well, with momentum into next year."

At 0905 GMT, the shares were up 2.8% at 547.00p.

Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: "The defining feature of Stephen Hester's time at RSA has been the focus on doing the basics well. This quarter is no exception, with the group delivering underwriting discipline after exiting some markets, and good cost control.

"That's a solid start, and might be the best option in a very competitive market - better to write fewer profitable contracts than more unprofitable ones - but ultimately RSA needs to get total premiums moving forwards. That's part of the equation that doesn't seem to have been cracked yet. Cost savings can only boost profits for so long, eventually you need to start attracting a growing customer base."

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

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

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