RSA better than expected first quarter
Royal & Sun Alliance has recorded pre-tax operating profits for the three months to March of £160m, a 95% increase on the same period last year. Analysts had forecast about £117m. Net written premiums were £1.5b, compared to £1.2bn for the same period last year.
The company's combined operating ratio was 91.2% in the company's ongoing business, compared with 94.3% in the same period last year.RSA put much of the improvement down to control of costs and
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