RBSI reports £749m turnaround in profit in 2011, as it sheds 1.3m policies
Royal Bank of Scotland has reported an operating profit of £454m in 2011, compared with a loss of £295m in 2010. Its new underwriting profit was up from £307m to £1.04bn.
The performance comprises a £749m improvement in operating profit from 2010, and benefited from the absence of 2010 reserve increases, de-risking of motor book, exit of certain business segments, and
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