RSA interesting 2 May 2010 11:21
Strong Performance in 2009
Net written premiums of £6.7bn up 4%
Combined operating ratio (COR) of 94.6%
Operating result of £777m
IGD surplus of £1.7bn, representing coverage of 2.4x
Net asset value per share excluding IAS 19 of 106p
Maintaining tight grip and strong financial management
Delivery against strategic objectives
Driving the Group forward through targeted growth and acquisitions
Continued action on rate and expenses
Significant de-risking of pension schemes in 2009. Further action in 2010
Strong capital and financial position
Outlook
Although economic uncertainties remain, confident of continuing to deliver excellent results
Good start to 2010 and on top line going forward we expect:
International to deliver mid single digit growth
UK to move to positive territory
Emerging Markets to return to double digit growth over time
Combined operating ratio for 2010 expected to be around 95%
Investment income for 2010 expected to be around £540m with total gains around 2009 levels
Final dividend increased by 7% to 5.33p, giving a full year dividend increase of 7%