RBS Insurance Q2 COR improves to 99% and profit doubles to £139m
Royal Bank of Scotland Insurance this morning reported that its operating profit has doubled to £139m from the previous quarter and improved even more from the corresponding period last year (Q2 2010: £203m loss).
Half one 2011 underwriting profit of £495m improved by £432m versus half one 2010.
The insurer's combined operating ratio was 99% for Q2 2011, compared with 106% for Q1 2011, and 132% in Q2 2010. The
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