RSA anticipates sub-10% ROE as storm losses hit home
Storm losses have been cited as a major contributing factor behind RSA adjusting its financial estimates, with group chief executive Simon Lee anticipating return on equity for the year to be below 10%.
The prediction was made in an interim management statement released this morning, in which net written premiums at group level rose by 7% to £6.7bn for the first nine months of the year.
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