UK flood loss offsets growth for RSA
RSA has reported a 4% rise in net written premium to £4.3bn, at constant exchange (2% as reported), and a combined operating ratio of 95.2% (H1 2011: 93.2%).
The group said that the Scandinavian and Canadian operations performed strongly, but that this had been offset by the UK floods and earthquakes in northern Italy.
RSA reported investment income of
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