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RSA first-half operating profit rises 13%

Published 30/07/2020, 07:30
© Reuters.

LONDON (Reuters) - British insurer RSA (L:RSA) posted an above-forecast operating profit of 349 million pounds 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.

 

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