RSA Insurance Says Q1 Operating Profit Ahead Of Expectations - Quick Facts

(RTTNews) - RSA Insurance Group plc. (RSANY.PK, RSA.L, RSA) reported that its first-quarter total group net written premiums declined 1 percent from last year to 1.58 billion pounds, reflecting the impact of disposals. However, net written premiums were flat with last year at constant exchange rates.

Total core group net written premiums rose 8 percent from a year ago to 1.46 billion pounds from a year ago. Core group net written premiums were also up 8 percent at constant exchange rates.Net written premiums were slightly down, ex-Group Re movements.

In a trading update, the company noted that underwriting results were good in the first quarter, with operating profits up strongly as a consequence. Operating profits and net attributable profits for the quarter were strong and ahead of the company's expectations.

The company said that headline figures benefited from benign weather, but underlying results also continued the improving trends visible in 2015.