RBS Insurance today reported end of year profits of £862m, a 43% increase from 2003's declared £609m.
Aided by the first full year contribution from Churchill, acquired in September 2003, the company saw income from insurance premiums rise by 58% to £4.94bn, from £3.12bn in 2003.
Excluding Churchill, profits increased by 13%, while net insurance premium income grew by 17%.
Net claims totalled £3.48bn, up from £2.2bn last year, a 45% increase.
UK motor insurance policies rose in number by 252,000 to 8.34m, while non-motor policies in the UK totalled 10.9m, a hike of 401,000.
Total income for RBS Insurance was up 52% to £4.93bn, a rise of £1.69bn.
UK combined ratio was 93.7%, 2.5 points down on the previous year.
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.
