RSA Insurance down as revenues and profits disappoint

Insurance giant RSA received premiums worth 8,138m pounds during 2011, an eight percent rise on 2010 at constant exchange rates.

Insurance giant RSA received premiums worth 8,138m pounds during 2011, an eight percent rise on 2010 at constant exchange rates.

Profit before tax came in at £613m, a gain of 29% on the previous year while the combined operating ratio (COR), which measures claims and business expenses versus premium income, came in at 94.9%, better than the 96.4% achieved in 2010. A COR below 100% implies the main activity of writing insurance and paying out claims is profitable.

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