RSA Insurance FY15 Profit Increases - Quick Facts

(RTTNews) - RSA Insurance Group plc.(RSANY.PK, RSA.L, RSA) reported Thursday that its fiscal 2015 pre-tax profit grew to 323 million pounds from last year's 275 million pounds. Post tax profit grew to 244 million pounds from 76 million pounds last year.

Operating profit grew 43 percent to 523 million pounds from 365 million pounds last year.

Net written premiums declined to 6.83 billion pounds from last year's 7.47 billion pounds. Net Earned Premiums were 7.01 billion pounds, compared to 7.87 billion pounds a year ago.

Group underwriting profit was 220 million pounds, compared to last year's 41 million pounds. Core Group combined ratio was 96.0 percent, compared to 98.8 percent in 2015. Further, the company said it will pay a final dividend of 7 pence per share.

The company said its medium-term performance target of 12 to 15 percent underlying return on net tangible assets remains sensible for the company.