RSA combined ratio likely to rise says Analyst
Analyst Keefe Bruyette and Woods said it expects a limited deterioration in Royal & Sun Alliance's combined ratio to 95.2% from the fourth quarter when it reports its full year results on Thursday morning.
KBW's report today said underlying themes were the continued emergence of re-engineering benefits and the impact of only a moderate turndown in the premium-rate cycle in 2005.
On the company's basis
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