It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

RSA - Little new news

RSA shares are broadly flat this morning as RSA delivered a 1% increase in underlying net premiums, boosted at a reported level by weaker sterling and one off movements in Group Re. Profitability is reportedly strong, and growing faster than in the first half.

Nicholas Hyett, Equity Analyst at Hargreaves Lansdown:

"Today’s results show more of the same at RSA. Premiums are broadly flat at constant currency, but progress on costs and underwriting suggests the bottom line continues to improve.

That more or less sums up Stephen Hester’s vision for a slimmer more focussed group.

However, there’s a limit to how far costs can be cut. Eventually the group will need to start growing its gross written premiums, and in the highly competitive, price driven world of commercial and personal insurance, that could well prove a challenge."

Globelynx and ISDN ready

Hargreaves Lansdown is equipped with a live in-house broadcast camera via the Globelynx network and has an ISDN line available for radio interviews - 0117 934 9006. To arrange an interview with a Hargreaves Lansdown spokesperson please contact the person you wish to speak to directly using the contact details above, or call Globelynx on 0207 963 7060 or email globelynx@globelynx.com.