Excellent 2015 results for RSA

The British insurer Royal & Sun Alliance (RSA) deemed in financial difficulties for two years, closed the year 2015 with excellent performance shown in its recently published preliminary results.

Despite a decline in its net premiums that went from 7.465 billion GBP (11.59 billion USD) in 2014 to 6.825 billion GBP (10.11 billion USD) in 2015, the insurer tripled its net profit amounting to 244 million GBP (361.75 million USD) at the end of 2015. This leap is primarily due to the underwriting results that have increased fivefold in one year as well as the high return on investment. The combined ratio of 96% dated as at December 31, 2015 improved by 2.83 points.

These excellent results allow the group to finalize its recovery phase which is reflected in a significant reduction in costs.
The initial target of the underlying return on opening tangible equity which was at 9.7% for 2015 could finally be within a range of 12 to 15%.

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