Royal & Sun Alliance Insurance (R&SA) Group posted low nine-month operating profits as it set aside £500m to strengthen reserves.
Operating profit after providing for those reserves was £27m for the third quarter compared with £471m a year earlier.
The combined ratio rose to 108.1% from 104% a year earlier. But R&SA's ongoing businesses posted a COR of 96.2%.
General insurance net written premium was lower at £5.12bn compared to £6.18bn compared to the same period last year. This reflects R&SA pulling out of unprofitable lines.
The group is currently offloading underperforming capital hungry divisions. R&SA's net asset value at the end of the third quarter was 156 pence a share, down from 175 pence a year earlier.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
