Articles - Emerging markets lead growth at RSA


 RSA has published a management update for the first quarter. Highlights are:

     
  •   Continued good organic growth and strong financial position
  •  
  •   Net written premiums of £2.2bn up by 5% with all regions delivering good growth
  •  
  •   Rating action and increased volumes drive the top line forward
  •  
  •   IGD surplus remains strong at £1.3bn; coverage unchanged at 2.0 times
  •  
  •   Net asset value per share including IAS 19 of 107p compared with 104p at 31 December 2011
  •  
  •   Continue to expect to deliver good premium growth and a combined operating ratio (COR) of better than 95 in 2012.
  •  
  •   Net written premiums are £2.2bn, an increase of 5%, with premium growth driven by 4% rate and a 1% increase in volumes. Total net written premiums including associates are up by 5% (6% at constant exchange) to £2.3bn.

 Growth has been led by Emerging Markets, and good performances in personal lines in Canada and Scandinavia and Commercial lines in the UK. This has been partially offset by reductions in UK personal motor and Italy. We continue to benefit from our focus on Specialty and premiums grew by 6% at constant exchange across the group.

 Simon Lee, group ceo comments "We have made a good start to the year, building on the organic growth momentum generated in 2011 with premiums up by 5%. Growth has been led by our areas of key strategic focus including Emerging Markets, where Latin America was a particular highlight, global Specialty lines and Household and Pet in the UK. For the full year, we remain confident of delivering good premium growth and a combined operating ratio for the Group of better than 95%.”

Back to Index


Similar News to this Story

How to save on risk lines using analytics
Shield your organization both from unnecessary costs and insurance shortfalls. Risk analytics can help you drive optimized risk retention, insurance
The continued outlook for the bulk purchase annuity market
The bulk purchase annuity (BPA) market has demonstrated remarkable resilience despite shifting economic conditions. Demand remains strong, but the con
Its all coming back to mean now
A common argument in favour of equity investments is that, even though they go down, they will bounce right back up again. Effectively, this implies m

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.