RBS Insurance records £253m loss in H1 2010
Royal Bank of Scotland's financial results show its insurance business in the first six months of 2010 was adversely impacted by a significant increase in bodily injury reserving, including adding £241m to reserves relating to prior years. In total RBSI recorded an adjustment of £320m in the quarter.
Overall RBSI recorded income of £2.08bn in the first six months of 2010 (H1 2009: £2.03bn), with net premium income of £1.08bn (H1 2009: £1.08bn).
The business' gross written premium fell from £2.3bn
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