RSA Insurance 9-Month Net Written Premiums Down - Quick Facts

(RTTNews) - RSA Insurance Group plc.(RSANY.PK, RSA.L, RSA) reported Thursday that its total group net written premiums in the nine month period declined 9 percent to 5.09 billion pounds from 5.59 billion pounds a year ago.

Total core group net written premiums declined 6 percent to 4.31 billion pounds.

Core Group underlying net written premiums of 4.4 billion pounds went up 1% at constant exchange rates.

The company said the third quarter profit trends were well above 2014. Trading results for the third quarter were strong and ahead of expectations. The underwriting performance in the UK, Canada and Scandinavia was ahead of the same period last year and ahead of the company's plan.

Looking ahead, the company said it targets continuing improvements to underwriting profitability in the remainder of the year, though results overall will be subject to weather/large loss volatility and prior year reserve movements.

Investment performance is on track to deliver around 390 million pounds of income in 2015.

Stephen Hester, RSA Group Chief Executive, said, "Zurich's unsolicited approach to RSA was a distraction in Q3. It is pleasing that our business continued to perform well despite that... Insurance markets remain challenging and financial markets volatile."