RSA records a net loss of £83m
Royal & Sun Alliance Insurance Group has posted afirst-half net loss after it sold assets to bolster capital and lost money on investments. The net loss was £83m compared to a restated profit of £97m in the same period a year-earlier.
Pretax operating profit dropped to £301m from £351m.The insurer has raised more than £2bn since last year by selling new shares and assets including its life units to shore up its capital and focus
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