Challenging times lie ahead, said Royal & SunAlliance (R&SA) as it reported “good results” at the end of the third quarter.
Operating results for the full nine months had increased to £453m from £27m at the same time last year when the company took more than £500m in charges to strengthen reserves.
R&SA chief executive Andy Haste said as the US arm of the company continues to restructure it would bring about more disruption to the company.
“This has been another good quarter for the group,” he said.
“I don't expect it to be a totally smooth ride and there are still challenges in the US, but we remain focused on resolving them.”
R&SA said the group operating profit was “considerably stronger” at £258m compared to £276m in 2003.
