RBSI returns to operating profit as income falls 7%
Royal Bank of Scotland Insurance has reported an operating profit of £67m in the first quarter of the year compared to a loss of £50m in the same period in 2010.
The figure marks an improvement of £76m on the Q4 2010 result. Gross written premium fell to £1.04bn compared to £1.09bn in Q1 2010 and £988m in Q4 2010.
Return on equity improved to 7% (Q1 2010: -5.6
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