RBSI warns of pressure on motor pricing as it adds over 500 000 new policyholders
Royal Bank of Scotland Insurance’s contribution to the group increased by 6% or £25m to £435m for the half year ended 31 June, reflecting what it described as “good volume growth and expense control in a very competitive market”.
Total income was up 7% or £182m to £2676m. Earned premium income rose by 2% to £2778m. Net of reinsurance, insurance premium income rose by 6% or £153m to £2645m, despite “pressure on pricing in theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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