Royal & Sun Alliance's stock continued to rise in early trading as markets reacted to positive first quarter results.
The share gained nearly 9% by 9am this morning to trade at 130p.
R&SA's impr ...
Royal & Sun Alliance's stock continued to rise in early trading as markets reacted to positive first quarter results.
The share gained nearly 9% by 9am this morning to trade at 130p.
R&SA's improvement in profitability in the first quarter comes despite a fall in revenues.
General business net premiums written, after the impact of quota shares, fell to £1,945m from £2,023m for the same period last year.
The operating result, based on longer term investment returns, increased to £175m from £160m.
The group created a profit attributable to its shareholders of £2m, compared to a loss in the first quarter of 2002 of £64m.
Net asset value per share was 205p against 199p.
