Weather losses send RSA profits down 15% at H1
RSA posted a 15% drop in group operating profit for the first six months of the year as British and Canadian weather losses dent the insurers’ results.
The insurer saw first-half operating profit fall 15% to £304m, down from the £360m posted in the first half of 2016.
The fall was attributed to adverse weather conditions particularly in Canada, the
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