General Insurance Article - RSA announce 2013 Half Year Results

 RSA Insurance Group Plc. has this morning announced their 2013 Half Year Results.

 Simon Lee, Group CEO commented:

 "These are a good set of results demonstrating continued progress and the benefits of our diversified business model. We've achieved growth of 7% in premiums to £4.7bn. Despite the £48m impact of extreme weather in Alberta we have delivered a COR of 94.2% and remain on track to meet our full year expectations of a COR of better than 95% and ROE of 10-12%.

 "We are continuing to deliver strong organic growth in Emerging Markets and Canada. The acquisitions we executed in 2012 are delivering good results. Scandinavian performance remains strong and we are making good progress in the turnaround of performance in UK and Western Europe. The reduction in earnings from lower interest rates is beginning to slow down. The outlook for earnings is positive.

 "Net assets have contracted at 30 June 2013 due to the increase in interest rates at the end of June. All our capital measures remain strong and we are confident in our ability to deliver balance sheet growth in the medium term.

 "We are well placed to deliver improved shareholder value through growth in earnings, an attractive dividend and improving return on equity"

 To view the announcement in full visit:

 www.rsagroup.com/rsagroup/en/investor-relations/group-news?go=20&type=press&view=672