RSA group underwriting profit up 24%, as UK remains tough
RSA this morning reported a UK underwriting profit of £48m for the first half of 2008 (H1 2007: £51m) in what it described as its “toughest market”. It added UK premiums were up by 1% to £1.4bn, with a combined operating ratio of 96.2% (H1 2007: 96.1%).
In its personal lines business premiums remained steady at £548m, reflecting what RSA said was an “inwards transfer of the Paymentshield portfolio in the second quarter of 2007 of £22m, and the impact
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