RSA increases premium by 5% and cuts dividend
RSA Group has reported operating profit of £684m (2011: £727m) for 2012 including an entirely flat underwriting result of £375m.
The combined operating ratio of 95.4% (2011: 94.9%) was affected by adverse UK weather, which added 0.8% to the COR, as well as the Italian earthquakes in May.
Net premium rose 5% on constant exchange
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