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RSA Insurance ups dividend despite YOY fall in H1 profit

Aug 02, 2019 - SNL European Financials Daily

RSA Insurance Group PLC reported first-half statutory profit attributable to equity holders of the parent company of £170 million, down from £235 million a year ago.

EPS for the first half was 15.3 pence, down from 21.6 pence in the first half of 2018.

Gross written premiums fell year over year to £3.91 billion from £3.95 billion. Net earned premiums remained relatively flat at £3.21 billion, while net claims ticked up to £2.16 billion from £2.15 billion a year earlier.