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RSA first-half operating profit rises 13%

Thu, 30th Jul 2020 07:22

LONDON, July 30 (Reuters) - British insurer RSA
posted an above-forecast operating profit of 349 million pounds
($452.44 million) in the first half, helped by strong
performance in Scandinavia, the British insurer said on
Thursday.

Operating profit came in at 339 million pounds, excluding
exits, according to a company-supplied consensus forecast.

Net written premiums fell 3% due to the impact of COVID-19
to 3.2 billion pounds, in line with forecasts.

After suspending its final dividend for 2019, RSA said it
was not paying an interim dividend, but hoped to resume
dividends by the time of full year results, and to catch up on
missed dividend payments over time.
($1 = 0.7714 pounds)
(Reporting by Carolyn Cohn, editing by Sinead Cruise)

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