RSA Insurance Q1 Net Written Premiums Down 8% - Quick Facts

(RTTNews) - RSA Insurance Group Plc (RSA.L, RSANY) reported that first-quarter total group net written premiums declined 8 percent to 1.59 billion pounds from last year.

Total core group net written premiums declined 6 percent to 1.48 billion pounds from a year ago. Core group net written premiums were up 1 percent at constant exchange rates.

Excluding the impact of Group Re, core group net written premiums declined 3 percent, but was up 5 percent at constant exchange rates.

In its interim management statement, the company noted that underlying profit trends also improved on 2014 and were in line with its expectations across all regions.

The company said restructuring action continues to move itself forward, aimed at securing strategic focus, capital strength and sustainably higher performance levels.