RSA Insurance Issues Q1 Trading Update; Premium Income Up 14% - Quick Facts

(RTTNews) - RSA Insurance Group plc (RSANY.PK, RSA.L, RSA) reported first-quarter Group net written premiums of 1.71 billion pounds, up 14% as reported, and up 4% at constant fx rates from prior year. The Group said operating profit in the first quarter was strong and ahead of its plans. The investment result was consistent with current year guidance.

Stephen Hester, RSA Group Chief Executive, stated: "The year has begun well for RSA. Results to date are strong with key proof points for further progress coming through positively. We also completed the UK legacy disposal and related capital restructuring successfully, to reduce risk, improve capital resilience and boost profits."